Whether the deduction limit is raised, eliminated or extended, there are steps taxpayers can take to minimize their tax ...

What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.

Medicare premiums and federal taxes can significantly impact Social Security payments. See how to protect your retirement ...

President Trump and his Republican allies in Congress aim to extend the expiring provisions of the Tax Cuts and Jobs Act. But ...

As the IRS tax season kicks off on January 27, 2025, understanding how to deduct medical expenses can significantly impact ...

Claiming unusually high deductions can trigger an IRS audit, according to Geltrude.

The proposal is the legislature’s opening revenue offer in budget negotiations with Democratic Gov. Wes Moore amid a ...

How all this will affect the processing of tax returns is a matter of speculation, but it seems very unlikely to make the ...

Trusts are a cornerstone of wealth management for the ultra-wealthy, providing asset protection, tax efficiency, and a structured way to pass down wealth. Let’s look at some potential missteps you can ...

SPRINGFIELD, Ill. — As the cost of housing continues to rise, Illinois realtors are pushing legislation to make it easier for first-time homebuyers to save for a down payment.

Tax season is underway, and local experts say there are key changes El Paso filers need to know before submitting their returns this year. ABC-7 spoke to Douglas Rutter, the CEO of The Rutter ...

1. File Your Income Tax Return (ITR): The due date for filing ITR for individuals is July 31st (extended in some cases). Choose the correct ITR form based on your income sources. 2. Carry Forward ...