The way to achieve a decreased tax burden is by reducing your taxable income. The IRS offers various tax credits and ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with the IRS. For some taxpayers, that means facing the ...

The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history." ...

There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking ...

Senate Republicans’ tax and spending cut bill makes many of the core elements of their 2017 tax cuts permanent but scales back additional cuts from what the House passed. The Senate Finance ...

The IRS offers a special tax filing extension for U.S. citizens and residents living abroad, allowing them to file their 2024 ...

Taxable income – income taxed by government, includes earnings minus deductions, credits. Discover tax planning strategies, deductions and credits.

Former congressman Billy Long confirmed as IRS commissioner as the agency faces massive cuts and mounting scrutiny.

The Senate is beginning to consider Republican leadership’s tax and budget reconciliation legislation. Follow this space for ...

President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes would require parents to jump through new hoops starting in 2028 before ...

A new survey by Ramsey Solutions found that millennials and Gen Zers want the child tax credit (CTC) to be increased to $5,000. Some respondents claim this increase would have an impact on their ...

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.” ...