IRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier to reduce taxable income, save money, and help working ...

The IRS has announced an adjustment to the additional standard deduction for seniors in 2026, aimed at reducing taxable ...

The IRS has announced an increase in the standard deduction for seniors in 2026, providing financial relief amid rising ...

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

Learn how to avoid tax mistakes retirees make, from misreporting Social Security income to overpaying state taxes, and keep ...

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

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Summary of the Bombay High Court judgment where a charitable trust's oversight in e-verifying its Form 10B was considered a human error and the delay was condoned, securing its Section 11 income tax ...

Some taxpayers who filed "bare trust" forms to the Canada Revenue Agency last year may have done so needlessly as the federal ...

Wondering whether you'll need to pay taxes on your Social Security benefits is a very common concern for many seniors and ...