Clear Start Tax clarifies why some states still require Form 1095-A, even though the federal health coverage penalty was ...

When he becomes a GS-13 I can contribute less to his expenses. This allows him to contribute fully to his Thrift Savings Plan with Roth contributions. We have saved $6.5 million in 401 (k), IRAs and ...

President Trump’s domestic agenda bill spans military and immigration measures, major cuts to national healthcare, and ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels The megabill that's bound for the president's desk contains tax breaks that could save ...

The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act. It now goes to President Donald ...

Taxpayers won’t have many complaints about the retroactive tax cuts that took effect this week, but the retroactive tax hikes ...

Check out the step-by-step guide to filing your income tax return online for FY 2024-25 without a CA, highlighting key forms, ...

Taxpayers preparing to file their income tax returns (ITR) for the assessment year (AY) 2025-26 will need a detailed set of documents, including income proofs, investment records, and tax deduction ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

To pay zero tax on Rs 15.5 lakh income under the new regime, you need to reduce your taxable income to Rs 12,00,000 (Rs 12.75 lakh with standard deduction). Let's take an example where an employee's ...