The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...

Elon Musk previously created confusion of whether the IRS Direct File program was available. Some fintechs are offering free ...

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

The IRS just laid off at least 6,000 employees, which could lead to slower processing times--or lax enforcement.

Maryland Gov. Wes Moore wants to join nearly a dozen states that have eliminated itemized tax deductions, a move state officials said would alleviate financial uncertainty amid the federal tax rewrite ...

7 Reasons why Cost Accountant (CMA) should be included in definition of “Accountant” in the Income Tax Bill, 2025 ...

FASTag new rules Latest Updates (February 17): The National Payments Corporation of India (NPCI) and the Ministry of Road ...

The Institute of Chartered Accountants of India (ICAI) has initiated a group to review the new Income-tax bill and introduced ...

New Delhi, Feb 14 (PTI) The new Income Tax Bill will simplify the country's six-decade old tax structure as well as help ...