Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...

Delhi ITAT confirms that a private trust with identifiable beneficiaries is eligible for the capital gains exemption under Section 54F, similar to an ...

The ITAT Delhi has ruled that the lease equalization charge, a standard accounting practice for finance leasing firms, is a valid deduction. The Tribunal held that this charge, recognized by the ICAI, ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the new tax deduction for ...

IRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car ...

IRS rolls out Schedule 1-A for 2025, adding new deductions for tips, overtime, car loans on U.S.-made vehicles, and enhanced breaks for seniors.

ST. LAWRENCE, Pa. – At Tuesday night's Committee of the Whole meeting of the Exeter Township Board of School Directors many important 2025-26 budget items were approved to be voted on at the next ...