The IRS urges taxpayers to use the Tax Withholding Estimator in 2025 to avoid unexpected tax bills or refunds next year.

which gives the tax computation under both regimes. So, one may opt for the one that gives a lower tax computation.

The IRS doesn’t consider freeloading relatives as one of the hardships that can modify the home sales exclusion rules.

The more lasting danger is emanating from Congress, which could permanently shrink and dramatically reshape the nonprofit sector as it prepares new tax reform legislation. Congress is working with ...

Solar panels are less expensive than their list price because of a 30% federal tax credit. But they're still costly. Adding solar panels to your home is both a time and financial investment ...

Learn how to fill out a W-4 form accurately to ensure you're withholding the correct amount of income for your taxes.

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

With a Canadian federal election set for Monday, April 28, and a provincial election held on Feb. 27, there may be some confusion about what each government is responsible for. Canada’s latest budget, ...

Here' what to know about tracking your refund and when to expect it. The Internal Revenue Service issues most federal tax refunds within 21 days for those that filed online via e-file and used ...

The U.S. first implemented a progressive income tax system in 1862 to fund the Civil War, but the modern framework took shape with the 16th Amendment in 1913. The amendment gave the federal ...