The IRS launched the pilot program known as Direct File in 2024 so that people can file their tax returns directly with the federal government.

Kentucky lawmakers have completed their work to reduce the state’s individual income tax rate. They delivered on a top Republican priority on the fifth day of this year’s session.

An affordable-housing deal that uses federal LIHTC funding is much more likely to achieve other key sources of financing for ...

Canadians who emigrate to the United States or elsewhere face many decisions and considerations associated with departure, but careful tax ...

Senator Rick Scott (R-FL), alongside Senators Jim Banks (R-IN) and Pete Ricketts (R-NE), introduced the No Official Giveaways ...

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

The TAS Act aims to modernizing the IRS, has bipartisan support and open for public comment until March 31, 2025.

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

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...

The US tax system is facing potential sweeping changes. As major provisions of the 2017 Tax Cuts and Jobs Act (TCJA) approach their expiration ...

Operating income was $6.2 million in the first quarter of fiscal 2025, compared to $9.7 million in the prior year period. This led to net earnings in Q1 ’25 of $5.1 million, compared to $7.3 million ...