Included in a recent amendment were a few IRS-specific provisions, including eliminating Direct File, increasing the ...

Direct File has come under fire during Trump's second term, and now it might be taking a final step toward the chopping block ...

After you’ve filed, review what worked and what didn’t so you can improve your tax strategy for the coming year.

From extending the tax cuts he signed into law in 2017 to ending taxes on tips, overtime pay, Social Security benefits and ...

The SALT deduction allows filers who itemize to subtract some of their state and local taxes from their taxable income. In 2017, the sweeping federal Tax Cuts and Jobs Act put in place a $10,000 ...

Daniel Rathburn is an editor at Investopedia who works on tax, accounting, regulatory, and cryptocurrency content. T-studios2 / Getty Images Casualty and theft losses are deductions that taxpayers ...

The City of Toronto is reminding residential property owners that there is just one week left to submit their 2024 Vacant Home Tax (VHT) declaration. The deadline to declare is Wednesday, April 30 by ...

In the declaration, the employees need to mention the tax regime they want to choose and the tax-saving investments for which they would claim deductions. As the new financial year 2025-26 (FY26) has ...

“To help pay for the tax cuts, some proposals include reducing or eliminating popular tax breaks, like the mortgage interest deduction ... but the broader tax landscape remains uncertain ...

However, the decision can significantly impact your tax liability depending on your income, deductions, and overall financial profile. Therefore, it is advised to do your own research and consult a ...

With just a few days before the end of the filing season, the number of tax returns received dipped again, a trend that hasn’t changed since the season opened on January 27, 2025.

Fortunately, there are certain situations where pet-related expenses may earn you a tax deduction. Understanding when and how to take these deductions can make a significant difference in managing ...