The IRS will provide transitional relief for taxpayers who want to benefit from the “no tax on tips” and “no tax on overtime” breaks in President Donald Trump’s new tax law, the agency said in a ...

Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

The “big, beautiful” bill, signed into law by President Trump, extends tax cuts, increases the Child Tax Credit, reduces taxes for tips and overtime, creates Trump Accounts for parents ...

Key provisions in the president’s signature legislation will take effect at different times over several years.

Millions of waiters, bartenders, hairstylists and other workers who rely on tips will be able to keep more of their money ...

This year’s tax filing season officially kicked off in July, with auto assessments running from 7 – 20 July. For non-provisional taxpayers who were not auto-assessed, they will be able to submit and ...

Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations ...

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s ...