“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

Very few people like tax season, but missing out on valuable deductions could mean leaving money on the table. Many taxpayers overlook key write-offs that could lower their bills or put more money ...

On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...

Finally, you can make an estimation using a little math. Each quarter, add up your actual income, multiply it by four (this ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

Withholding tax refers to the amount of income taxes your employer takes from your paycheck to pay your taxes throughout the year. Here’s everything you need to know.

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may ...

Around 140 million Americans are expected to file their tax returns by the April 15 deadline. Last year, roughly two-thirds ...