The new "no tax on tips" deduction will benefit just about 3% of all tax filers, saving them, on average, almost $1,400.

Direct File, the free site for filing federal tax returns directly through the IRS, will be open for new users in 12 states during unspecified windows of time, before becoming widely available to ...

The wealthiest 400 people in the U.S. pay a tax rate of 24%, lower than the average rate for all other taxpayers, economists ...

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they ...

An updated return, as outlined in sections 139(8A) and 140B of the Income Tax Act, offers taxpayers the opportunity to voluntarily amend returns.

From tax hikes on pricey second homes in Rhode Island and Montana to Cape Cod’s proposed transfer tax on homes over $2 ...

State vs. federal income tax rates, types of income subject to tax, and more can differ. State income tax varies depending on ...

Many Americans who work overtime will get a break on their taxes for the next few years — but it may not be as hefty as they think.

The exemption is officially estimated to reduce revenue by approximately $157 million, but the fiscal note, updated after the ...