Federal tax credits are recorded on Form 1040 Schedule 3-- most also require a specific separate form, worksheet or schedule. Also note that these tax credits listed below are those designed for ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

"In the coming weeks and months, we will pass the largest tax cuts in American history," Trump said on Tuesday.

The House passed its 2025 budget bill for fiscal years 2026 through 2034, which outlined 'no tax on overtime.' When will ...

With the party leaders’ debates now behind us, and the federal election just days away, what better time to take a brief look at a few of the more interesting tax policies announced by three of the ...

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

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 ...

The federal tax filing deadline is Tuesday, April 15, 2025. If you can't file in time, you can request a six-month extension (until Oct. 15) to submit your return. Keep in mind an extension gives ...

Tax Day is April 15. Filing your taxes afterward can result in interest and penalties—here's how to avoid them.

The House passed a budget bill proposing federal spending cuts, tax cuts, and increased funding in certain areas. The bill includes a proposal to eliminate federal income tax on overtime pay.

President Trump's proposed plan would only eliminate federal Social Security taxes. The U.S. Congress would need to approve the proposed plan and amend the current tax code to eliminate the ...

The federal tax filing deadline is April 15, 2025, but Florida residents affected by last year's hurricanes have until May 1, 2025. Taxpayers can request a six-month extension to file their return ...