The House Republicans’ budget bill calls for a bigger 199A deduction for qualified business income. If enacted, here’s who could qualify.

Mileage reimbursement rates are determined ... meal per diem specific for the city or time of year of their travel location according to the federal rates. Alcoholic beverages are not reimbursable.

And IRS data shared with FOX Business indicates total tax receipts for this tax filing season have increased 5% from last year. Additionally, the total number of tax returns processed is up 1.5%.

The Trump administration is reportedly making plans to shut down the Internal Revenue Service's Direct File free tax prep system next year. The Associated Press reported Wednesday about the plans, ...

The IRS is undergoing a major upheaval as Elon Musk’s Department of Government Efficiency rapidly expands its influence within the agency, with leadership changes and looming staff reductions in ...

In the United States, private foundations are required to donate 5 ... The IRS will allow foundations like Musk's to allocate the allotted money for the following year to meet regulatory ...

This marks the third consecutive year the foundation has not met the IRS donation requirement ... sophisticated audits of the ultra-wealthy and business owners.

The layoffs could affect the number of audits conducted by the IRS this year, with Reuters reporting that the layoffs will hit a range of roles including auditors across the country. Investopedia ...

The IRS fired probationary workers this week, claiming they weren't critical to tax filing season. The agency had already been struggling in recent years to keep up with tax return processing.

Michigan residents do not qualify this year ... mileage rate for business use of a vehicle is 67 cents a mile. If you work for a company that doesn't reimburse your mileage, you cannot use the IRS ...

Despite the fact that gasoline prices are about 3.4% lower than a year ... standard mileage rate for business use is now 70 cents per mile, up from 67 cents in 2024. However, the IRS said that ...

A new year will ... the optional mileage rate for automobiles driven for business. That's up from 67 cents a mile in 2024. The new rate kicks in beginning Jan. 1 and it would apply to 2025 tax returns ...