Ever since the U.S. Social Security Administration opened its books to the Department of the Treasury’s Bureau of Fiscal ...

The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C).

The Illinois Department of Revenue (IDOR) announced they will begin accepting and processing 2025 tax returns on Monday, ...

The Biden administration announced on Wednesday that it would forgive $4.5 billion in student debt for 261,000 borrowers who ...

Officials have revealed when Illinois taxpayers can begin filing their taxes in the state, along with expectations on how ...

Starting today, almost all tax filers can submit returns electronically using IRS Free File on IRS. Gov. The returns will be ...

The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.

Federal tax deadlines are typically extended for people and businesses impacted by a federally declared disaster.

Need help filing your taxes? United Way’s VITA program offers free tax preparation services for individuals and families ...

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form 1099-R ...

Here’s how to save for retirement without a 401 (k): An individual retirement account (IRA) is accessible to nearly everyone, ...

New Jersey Rep. Jeff Van Drew said "inflation" has so "ravaged" taxpayers since then that the SALT cap would have to "at ...