Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.

Tax brackets will shift upward for 2026, meaning more income will be taxed at lower rates before hitting higher tiers. The ...

New York's mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city's income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the ...

Millions of households are about to discover that President Donald Trump's new tax rules make a zero-dollar federal income ...

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and beyond.

The IRS issued guidance on new deductions in the One Big Beautiful Bill Act for tipped and overtime pay for the 2025 tax year ...

According to the Tax Policy Center’s July analysis, the average household in the bottom quintile, making up to $34,600 a year ...

With three out of four CPAs approaching retirement and accounting program enrollment declining nationwide, the traditional ...

In a significant announcement that will affect millions of Americans’ wallets, the Internal Revenue Service has released its ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now ...

As it does each year, the IRS has announced inflation adjustments to several tax credit and deduction amounts for 2026. This includes new 2026 income tax bracket thresholds, higher standard deduction ...