The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income levels starting at $500,000 in adjusted gross income for 2025 and the benefit ...

Connecticut was the last U.S. state to enact an income tax on all personal earnings in 1991, and a basic and consequential ...

2026 federal tax season starts as IRS accepts 2025 returns with Form 1040.

Learn the 2025 IRS filing thresholds for retirees, income limits, and exceptions so you can tell if you need to file a tax return this year.

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

Explore how IRS CEO Frank Bisignano's 2026 leadership changes could mean tougher offshore tax enforcement for expatriates, dual nationals, and crypto holders.

Taxpayers, such as those in Zuch and Murrin, can face unique circumstances where the law overrides their intentions.

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Payments including for electricity from electric vehicle stations applied toward the real estate investment trust’s ...

The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...

The OBBBA law created a new tax deduction for overtime pay. Find out if you're eligible, how much you can deduct, and how to report it on your 2025 return.

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...