The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Kyle Johnson, owner and senior wealth advisor at Link Wealth Strategies, uses tax planning software to help set his firm ...

The late filing penalty may be higher if the CRA issued a demand to file the return and assessed a late filing penalty on a return for tax year 2021, 2022 or 2023. If you have a balance owing for 2024 ...

The tax season hadn't even officially started in late December, but the TV ads already began tempting taxpayers with a free pitch to use the TurboTax app. Sure, some caveats apply. So, I dug a ...

One of President-elect Trump's most popular election promises was to eliminate taxes on tips for working Americans. Now, Congress is helping him deliver on that promise, FOX Business has learned.

A Republican House member is reintroducing legislation Wednesday that would eliminate taxes on overtime pay, an idea that has gained momentum among some lawmakers after President-elect Trump ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Although remote or hybrid work was still prevalent in 2024, employees cannot deduct home office expenses from their taxes like they used to be able to. The Tax Cuts and Jobs Act eliminated the ...

Kathy Hochul of New York proposed slashing the state’s income tax for most residents as part of a sweeping populist agenda that she outlined in her State of the State address on Tuesday.

It's time to get your finances in order because Tax Day will be here before you know it. Tax Day, the annual day when individual income tax returns are due to the federal government, is April 15.

Now that the confetti has settled and New Year's resolutions are already falling flat, it's time for another less enjoyable annual tradition: tax season. The IRS started accepting returns on ...