Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for ...

While the 2025 budget bill created some new tax breaks business owners can take advantage of immediately , the meat of the ...

Tax laws previously allowed gamblers to deduct up to 100% of their gambling winnings as losses with itemized deductions. That ...

Tax refunds could be so big next year, they'll be like pandemic stimulus checks -- and that isn't necessarily a good thing.

Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund ...

Millions of households are on track to see fatter refund checks when they file their 2025 returns in early 2026, thanks to a ...

In fiscal year 2025, explicit government subsidies in the form of tax expenditures for the energy sector total $64.1 billion. Those going to renewable energy, electric vehicles and energy-efficient ...

Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is that TCS is a reporting mechanism, adjustable or refundable, not a final tax ...

Starting in 2026, student loan forgiveness will be taxable at the federal level. This could cost the average borrower thousands in taxes.