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 ...

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

In addition, you can write off your deductible and any damage not covered by insurance after a "federally recognized disaster." There are two situations in which the IRS will allow you ... declared ...

2024, the AMT rate is 20.5% (it was previously 15%). Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much ...

A 529 plan is designed to help you save toward your child's future education expenses. By opening a 529 savings account, you may be able to reduce future out-of-pocket costs and get a tax break on ...

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 ...

The best tax software for the self-employed should be affordable and user-friendly. It should also help you find any deductions that ... for the self-employed in 2024: As a self-employed person ...

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 ...