Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

Under prior law, most cities taxed residential long term (30 days or more) rentals with rates varying depending on the local jurisdiction. This law standardizes and simplifies the tax landscape by ...

As mandatory State paid family leave and paid family and medical leave (collectively “PFML”) programs have significantly expanded and proliferated ...

Estimated taxes are due quarterly, usually on the 15th day of April, June, September and January of the following year. One ...

The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A ...

2. The petitioner is an individual. For the assessment year 2016-17, the petitioner has filed his original return of income ...

According to the Burr Law Office, you can declare bankruptcy to potentially wipe out tax debt but only on debt that is at ...

On appeal CIT (A) held that disallowance u/s 10AA can be made only when the total income is enhanced by the AO or TPO. Co-ordinate bench has already decided this issue for AY 2014-15 and disallowance ...

Losing a portion of that money to taxes hurts seniors who don’t have a lot of retirement income to live on. And so as part of his campaign, President-elect Trump pledged to get rid of taxes on ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

Sen. Ted Cruz introduced a bill that would eliminate income taxes on tipped wages. The bill would allow for a 100% deduction on cash tips up to $25,000 The tax cut extends to those who work a job ...

Median household income was $80,610 in 2023 ... The estimated payment for 2024 assumes a 7% mortgage rate and a 10% down payment (tax and insurance are excluded). The estimated payment for ...