Think your deductions are safe? Think again. Here are 10 common write-offs that are actually red flags for an IRS audit.

India's Income-tax Act, 2025 simplifies tax law with fewer sections, clearer rules, digital processes, and higher exemptions, ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know in 2026.

The IRS has delayed the $600 reporting threshold for Venmo and PayPal users. For the 2026 tax season, the reporting limit reverts to $20,000 and 200 transactions. This major shift simplifies filings ...

President Trump’s tax and spending cut bill was signed into law on July 4, 2025. It enacted new tax deduction rules for many Americans, including seniors and certain workers. Changes include no taxes ...

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...

People who use their cars for work will be able to deduct more money per mile on their taxes in the new year. The Internal Revenue Service (IRS) announced this week that the standard mileage rate for ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...