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

If you're self-employed, you pay Social Security through SE tax. Learn how it works, how much you pay, and how it affects ...

The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost ...

You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or 1040-SR. The Tax Cuts and Jobs Act (TCJA) nearly doubled the standard deduction and improved several ...

Donors hope to raise huge sums of money to help those fighting what they see as a drift toward authoritarianism, but without ...

If your income was $84,000 or less in 2024, you may be able to file your taxes through IRS Free File, a program in which online tax prep companies partner with the IRS to provide free services.

The parent company of major quick-service restaurants KFC, Taco Bell, Pizza Hut and Habit Burger took legal action last week against the IRS over a $4 billion tax dispute. In March, Yum Brands ...

You report your parking and other expenses on your own tax returns. With a C corporation, your company reports its costs as a business expense on Form 1120, the corporate tax return.

In 2024 (taxes filed in 2025), the state and local income tax deduction allows you to deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either ...

But you probably have one central question: are bonuses taxed higher than regular income?  You might be surprised to learn ...

Submit your Form 4562 along with your tax return. If you are in business as a sole proprietorship or partnership, you will list your business expenses on Schedule C and turn that in with your IRS ...