Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...

Social Security plays a big role in many Americans' retirement security. In fact, 40% of Americans ages 65 and older rely on ...

There are also various tax credits, deductions and benefits available to you to reduce your total tax payable. See how amounts are adjusted for inflation. 2025 provincial and territorial income tax ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

Income, and income alone, dictates whether you owe federal taxes on your benefits. To make that determination, the IRS adds up your adjusted gross income (AGI), your tax-exempt interest income and ...

Employment Insurance (EI) benefits information, how to apply and how to submit a report. If you are self-employed, get information about the EI special benefits program, the agreement you will need to ...

Unprecedented tax cuts in the Union Budget benefit a small minority, raising concerns about fiscal policy and economic growth.

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...