With IRS tightening enforcement on dependents and tax credits, families face heightened scrutiny for mistakes on 2024 and 2025 returns ...

How much would seniors benefit if Trump were to actually succeed in eliminating tax on Social Security benefits?

A new federal savings initiative, known as "Trump accounts," signed into law by President Donald Trump, could significantly ...

Two House Republicans are urging the IRS to investigate four pro-sanctuary New York tax-exempt groups that have received ...

The passage of the policy, now part of the U.S. tax code, is a win for these investors. They can now consider investing in an ...

Senior U.S. District Judge Timothy J. Corrigan sentenced Eduardo Anibal Escobar, 45, Carlos Alberto Rodriguez, 36, and Adelmy ...

A Backdoor Roth Conversion is a strategy used by high-income earners to contribute to a Roth IRA, even when their income ...

The One Big Beautiful Bill Act (OBBBA) is a piece of legislation that focuses on tax and spending, as part of President Trump's financial-related policies.

The IRS has been mailing out letters to federal workers saying they are among 525,000 current and former employees who owe back taxes.

As a part of the American rescue plan, many of the individuals who were entitled to payments but did not receive, will be receiving $1,400 from the IRS. In a surprising and welcome development for ...

Selling a home after losing a spouse? Here's how capital gains taxes could affect your sale and what rules might offer relief ...

On July 7, the IRS didn't outright repeal the Johnson Amendment, but it said in court that communications in "good faith" by a church to its members wouldn't amount to "intervening" or affecting the ...