Almost 185,000 lower-income San Joaquin Valley residents - and nearly 2 million statewide - who purchase health insurance ...

A senior/super senior citizen may submit declaration in Form No. 15H to the deductor for non-deduction of TDS to the effect ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

Over the last few weeks, we have written about various tax credits, and we have saved one of the best for last. The dividend tax credit is one of the tax credits that can apply to almost every one of ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it ...

The U.S. has one of the highest child poverty rates among wealthy countries. Here’s a look at struggles kids living in ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Income tax return due date: With the income tax return (ITR) deadline just around the corner, many taxpayers are rushing to file their returns ahead of the due date. However, some taxpayers are yet to ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...