W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

Tax filing season has begun. The Internal Revenue Service has information for people who are already filing their returns.

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

Standard deduction is a flat amount which is automatically deducted from an individual's annual income. This reduces the total taxable income and therefore, lowers the tax liability.

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

Getting a head start on your tax return will hasten your refund if you're getting one. Filing early is also a way to guard against tax-refund fraud, which occurs when a scammer gains access to your ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

A proposed tax deduction for tipped income died in a House of Delegates subcommittee on Monday, as Democrats dealt the first ...