Income Tax

Certain tax credits for children and dependents have been reduced, and the charitable deduction some taxpayers took advantage of during the pandemic years is no longer so easy to claim.

With all the benefits of the R&D Tax Credit, some are looking for clarification on the best the procedures for acquiring the credit and applying it.

A taxpayer may qualify for “ten-year averaging” when they receive a lump-sum distribution (LSD) from a qualified plan.

The president also would veto bill by House Republicans to replace current tax system with a flat consumer tax.

While 66% of those polled said they believe legalization would be good for state and local government revenue, there were concerns by many about whether it would encourage increased use.

While the law contains nearly one-hundred new retirement provisions, following is a summary of some of the most notable changes ...

New legislation dubbed “SECURE Act 2.0,” a follow-up to the 2019 SECURE Act, provides several enhancements, on top of inflation indexing already in place for certain plans.

Early tax filers who are a due a refund can often see them as early as mid- or late February. Use this chart to see when you may be able to get refund.