For 2024, taxpayers can contribute up to $7,000 to traditional IRAs, with those 50 and older eligible for an additional ...

From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

To see if you qualify, check the IRS Free File site. You can submit your returns directly to the IRS for free using the IRS ...

As tax season kicks off, families earning less than $80,000 annually can access a free tax filing program, thanks to a ...

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

The standard deduction, the student-loan interest deduction ... for any tax prep that's advertised as "free." The IRS's own free tax-prep program, called Direct File, is available in 25 states ...

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

In Connecticut, the deadline to file state and federal tax returns is April 15. Here's how to file for free, and who's ...

As the 2025 tax filing season continues, the Internal Revenue Service encourages taxpayers to make essential preparations and ...

In the new income tax regime, a salary of ₹14.65 lakh can result in zero tax liability through strategic deductions. Here is ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.