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

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

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

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI.

Many homebuyers overlook additional deductions available beyond the standard tax breaks on principal and interest.

The One Big Beautiful Bill is the latest tax bill aimed at making cash flows better for businesses and encouraging investment ...

Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth ...

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

There's one type of charitable donation that sidesteps the new tax limitations entirely, but it comes with strict rules about ...

A federal law created in 2017, called the Tax Cuts and Jobs Act, lowered federal income taxes in various ways. But most were ...

The government will raise exemptions for individual income tax by NT$4,000 to NT$101,000, standard deduction by NT$5,000 to NT$136,000, and special deduction for salary income by NT$9,000 to ...

States are rejecting some of the mega tax package's most popular individal tax provisions to boost their finances. What it means for their residents.