The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 ...

The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and enhanced senior deductions, following the OBBBA legislation.

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

Millions of Americans who were granted tax filing extensions have until 11:59 p.m. on Wednesday to file their returns.

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

Despite the government shutdown, the deadline for businesses and Individuals to file their 2024 taxes is Wednesday. This ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions ...

Lady Luck was with Illinois Gov. J.B. Pritzker on a trip to Las Vegas, as the governor won more than $1 million playing cards ...

You make quarterly estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...