Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule changes may affect you.

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

Changes enacted through last year's federal tax bill are likely to bring savings to many taxpayers, including homeowners, ...

Filing season is here-and the rules have changed. Whether you’re a single filer earning $50,000 or a married ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The One Big Beautiful Bill Act (OBBBA), passed in mid 2025, reshapes how many families will file their 2025 taxes.

Most states require you to file a tax return. Here's what you need to know and why 2025 state taxes may be especially complex.

The final Income Tax Act, 2025 has removed a one-time provision that allowed brought-forward long-term capital losses to be set off against short-term capital gains. This change reverts to the ...

In the original draft of the Income-tax Bill, 2025, the savings clause provided that any capital losses -- long-term or short-term -- incurred before 1 April 2026 could be carried forward and set off ...

The latest bill to conform with federal tax changes is heading to the House floor despite overwhelming opposition from the ...