Income Tax
Latest News
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
PCAOB Rule Change Creates Procedure to Revoke Delinquent Firms’ Registrations
New Jersey Drivers Could Write Off Their E-ZPass Tolls if Bill is Passed
If approved and signed in to law, New Jersey would extend a benefit to taxpayers that few states have and the IRS doesn’t allow.
IRS Highlights New Payment Options Within Business Tax Account Tool
Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.
Study: Charitable Giving Dropped By $20 Billion in First Year of TCJA
The researchers say that charitable giving fell in 2018 because of the law's change to the standard deduction for income taxes.
Interest Rates to Stay Unchanged for Q4 of 2024, IRS Says
Starting on Oct. 1, the rate for tax overpayments and underpayments for individuals will be 8% per year, compounded daily.
New Tax Industry Task Force Aims to Crack Down on Scams
The Coalition Against Scam and Scheme Threats is comprised of the IRS, state tax agencies, tax software firms, associations, and others.
Harris Calls For 28% U.S. Corporate Tax Rate
The Democratic presidential nominee's plan is in line with the corporate tax rate the Biden administration proposed in March.
What’s All the Fuss About Tips and Taxes?
Both presidential candidates are pledging to exempt workers from paying taxes on their tips, but experts say it's bad policy.
IRS Releases 401(k) Employer Match Guidance for Student Loan Repayments
The SECURE 2.0 ACT permits employers to provide matching contributions for employees based on their payments on student loans.