These can increase your tax liability and also result in penalties, fines and notices from the tax department.

The IRS Direct File system, a government-run tool that let some Americans file their federal taxes directly and for free, won ...

Current reports five steps to simplify tax filing: set aside money for taxes, understand paperwork, organize documents, ...

The passage of the One, Big, Beautiful Bill Act last year will mean significant changes for some taxpayers this season.

News 19's Ellie Byrd sat down with Karen Reeves, the President and CEO of the Better Business Bureau of North Alabama, to ...

Millions of taxpayers qualify for an IRS retirement tax credit yet never claim it. The Savers Credit can reduce federal taxes by up to 50 percent. Income limits expand in 2025. Eligible workers ...

Parents filing 2025 taxes can now open a Trump Account for children. The IRS allows a $1,000 federal seed contribution using ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

Invest in the tax infrastructure, not just CRA headcount. CRA’s staff has grown by nearly 50 per cent in the past decade, but ...

Canadian citizen of Indian origin sold India property for Rs 2 crore; buyer deducted TDS but he did not file ITR; lost case ...

Wondering which tax credits and dedcutions apply to you this year? Here's an overview of qualifications, what's new this year ...