The IRS’s Revenue Procedure 2024-40 outlines crucial adjustments for tax year 2025, including updated tax brackets.

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 ...

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...

The American Institute of CPAs sent the letter to the Treasury Department and IRS in response to earlier notices about 280E ...

On Tuesday, the Internal Revenue Service announced increases to the federal income tax brackets and standard deduction for ...

The federal tax agency's latest update includes items on standard deductions, clarity on marginal tax rates, and the ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

The IRS released its inflation adjustments to income thresholds for tax brackets as well as deductions, credits and other ...

What are the worst tax filing mistakes people make? Tax expert and attorney Barbara Weltman points out 10 common errors—and ...

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and dozens of other items as a result ...

CHIPS ITC offers businesses a tax credit equivalent to 25 percent of the basis of property qualified as an advanced ...

The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.