If you work as an employee, you’ll encounter two forms in the course of your employment: Forms W-2 and W-4. Your W-2 will ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

If you itemize your tax deductions and like to contribute financially to the causes and groups that you support, do it before ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

Fact checked by Vikki Velasquez Key Takeaways If you have income from work, your employer should provide you with either a W-2 or 1099-NEC form showing both your income and any withholding.Your ...

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what ...

A Woodbridge man was sentenced to 15 months in prison followed by two years of supervised release for tax evasion, the Office ...

Paying taxes is a reality for citizens in the United States, and the government is already urging them to start preparing. The Internal Revenue Service (IRS) ...

ITAT held that appeals filed with incorrect jurisdiction cannot be heard. All four appeals dismissed, but assessee allowed to refile before correct ...