The federal adoption tax credit for the 2025 tax year (taxes generally filed in 2026) is worth up to $17,280 (up from $16,810 ...

Discover the evolving landscape of the Earned Income Tax Credit (EITC) in 2025. Learn who qualifies, the impact of new legislation, and how these changes affect low to moderate-income workers.

How American Expats Can Receive the Child Tax Credit and Additional Child Tax Credit Overseas Raising kids is one of life’s greatest rewards but yes, let’s be realistic, it’s expensive. […] ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able ...

Unpack the rules of withholding tax on RRSPs in Canada. Discover these valuable insights to guide your clients using ...

President Donald Trump signed his "big beautiful" spending bill into law on July 4.

ITAT Cochin rules in favor of Muthoot Bankers, allowing deduction for interest paid to partners under Section 40B, overturning disallowance by lower ...

ITAT Pune held that revisionary order under section 263 of the Income Tax Act is liable to be quashed as AO conducted detailed enquiry and after proper application of mind has taken one of the view ...

How It Could Affect Servers Under current law, every tip — cash, credit, debit or via the business’s electronic payment system — must be reported as income no matter the amount.

Senate Parliamentarian Elizabeth MacDonough rejected Republicans' effort to exempt some religious schools, including Hillsdale College, from an income tax, as well as to deregulate gun silencers.

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

Both the House and the Senate want to raise the maximum child tax credit, but limits on who can claim it mean millions of children still won’t benefit.