How will DOGE and the Trump Administration's cuts to federal workers affect the IRS and you getting your tax return?

Learn more Tax season is officially here. And if saving money is your biggest priority this year, there are plenty of tax ...

By John Hood For universities, state governments, localities, medical providers and other institutions receiving lots of federal money, it’s time to batten down the hatches. Storm’s a-brewing. Last ...

As farms continue to get large and the value of farm machinery increases as well, the impacts on first year depreciation ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

Your 2024 bonus is taxed at 22% federally (37% over $1M), plus Social Security, Medicare, and state taxes. Withholding varies ...

Filing taxes in the United States isn't always mandatory. The IRS sets specific income thresholds that determine whether you ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...