U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of ...

The following items are added back to your AGI to calculate your MAGI for both the American Opportunity Tax Credit and the Lifetime Learning Credit: Foreign earned income and/or foreign housing ...

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.” ...

Taxpayers stand to benefit from a 45-day extension for filing returns due to significant ITR form changes in Budget 2024.

The Office of Management and Budget is currently holding stakeholder meetings on the mandated biofuels blending levels.

Trump's Big Beautiful Bill will have ugly impacts on consumer pocket books, the economy, and climate and the environment ...

When you are a United States citizen and conduct business abroad, the taxes you pay to a foreign country are tax deductible on your federal income taxes. How you handle reporting the expense ...

IRS tax laws affect traders on foreign exchange markets and U.S. companies ... You may still be required to report income, expenses and credits in dollars if the QBU's principal business ...

Brex reviews how choosing the right payment method can have an outsized impact on your company's financials, as it can ...