This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

With two weeks left before the April 15 deadline, local tax professionals say this filing season carries more moving parts than most.

Many seniors miss a key medical deduction before filing. Learn how the 7.5% rule works and how healthcare costs could reduce ...

Americans are seeing bigger refund checks this spring.

Anything that affects your business — from revenue and expenses to payroll and insurance — can impact your tax situation.

An Uber Eats driver said the "no tax on tips" deduction gave him a 20% larger refund, as Speaker Mike Johnson spotlighted the ...

ITAT remanded the case as authorities failed to determine whether the assessee was a society, trust, or other entity. The eligibility for deduction was not properly examined. The ruling highlights the ...

The issue was whether interest on FDRs qualifies for deduction under Section 80P. The Tribunal held that such income earned from cooperative banks is eligible for deduction. The key takeaway is that ...

Taking a big bite out of those fatter tax refund checks. JPMorgan warned in a new note on Tuesday that surging gas prices ...

Wealth Enhancement reports on proposed capital gains tax changes targeting wealthy investors, highlighting unrealized gains ...

Millions of Americans are seeing larger tax refunds this filing season, with new federal data showing a notable increase ...