The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Ohio hands out $12 billion a year in tax breaks, mostly to wealthy individuals and big corporations. Yet the state’s economy continues to lag behind the national average, a report released earlier ...

The UK Green Party’s new leader Zack Polanski said he wants to challenge the right-wing’s “monopoly” on patriotism, as he set out his bid to attract left-leaning Britons disillusioned by Prime ...

Time is not on the side of anyone seeking help from Uncle Sam with their electric-vehicle purchase or their home’s clean-energy upgrades. Tax breaks subsidizing these purchases are going away, after ...

The Income Tax Department (I-T) on its official website has enabled the ITR-5 and ITR-7 forms for online filing. Both forms are available with prefilled data, the I-T Department has informed on its ...

Tipped workers will be able to deduct up to $25,000 in tips from their taxable income beginning in 2025. To help sort out the details, the Treasury and the IRS are rolling out additional guidance.

The Income Tax Department, on July 18, 2025, officially enabled Forms 3CA-3CD and 3CB-3CD for income tax audit filing on the ITR e-Filing portal, marking a significant update for taxpayers and audit ...

Kelly jokes that, as a tax attorney and writer, she aims to help taxpayers get out of trouble and stay out of trouble. She has received several awards, including being named to the Philadelphia ...

On July 3, 2025, Congress approved a version of the “One Big Beautiful Bill Act” (the Bill), which significantly impacts the energy tax credits enacted under the Inflation Reduction Act of 2022 (IRA).

The Internal Revenue Service (IRS) has announced updates to the Schedule 2 tax form and instructions for the upcoming tax years of 2023 and 2024. TRAVERSE CITY, MI ...