While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...

As IaaS becomes increasingly central to business operations — from AI development to routine data storage — getting the tax ...

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

Multi-million-dollar homes in Stonington are among those around the region slated to come off the municipalities’ tax rolls as the result of a state law passed last year that exempted permanent and ...

What Leo didn't understand was how partnerships work, and how rewards and compensation are meted out, Lauren Krasnow writes.

Gabriel Caldiron Rezende of Machado Associados summarises the general aspects of the recently enacted Brazilian tax reform ...

If you live in one state and work in another, taxes can be complicated. And the rules can vary significantly from state to ...

Michigan taxpayers hit by storms in August 2023 might have good reason now to amend those returns. How they might claim a personal casualty loss.

Is cash value life insurance taxable? Cash value is often tax-advantaged, but you might pay tax on withdrawals. Click here to ...

Whether the Internal Revenue Service lays off merely 7% of its workers or as much as half of its 90,000-member workforce, it ...

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...