Sen. Josh Hawley proposes a $25,000 deduction for medical expenses to reduce healthcare costs, though benefits may vary ...

A group of Democrats is leading opposition to a potential regulatory carve-out from a new minimum tax on corporate profits.

The rules for deductions on charitable donations are changing, but taxpayers who itemize can still benefit by acting before ...

The Republican tax law's bonus depreciation provision is expected to cost $362.7 billion over the next ten years, with ...

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth ...

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and ...

Some of these perks don’t apply to investment properties, but that doesn’t necessarily mean you’ll have to pay more taxes for ...

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...

The Court held that proceedings under Section 201 were invalid because a binding interim order barred TDS on LTC payments. The ruling confirms that no default arises when deduction is judicially ...

The Tribunal held that full TDS credit must be granted since all income relating to the TDS deductions had already been taxed. Proportionate credit under Section 199 was found ...

For most people, taxes in 2026 won’t look radically different from what they’ve seen since 2018. When Congress passed the One ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...