Withholding on qualified overtime compensation: For tax years beginning after 2024 and ending before 2029, P.L. 119-21 allows ...

Tax Day is coming, and soon it will be time to begin gathering forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm. Some forms are ...

PHOENIX — Arizonans hoping to get a head start on preparing their 2025 income taxes could be in for a nasty surprise. The state Department of Revenue has published the forms for individuals as well as ...

Do you know what a W-2 form — officially termed Form W-2 by the IRS — actually is? According to the Tax Foundation, a majority of tax filers are unaware of basic tax concepts and requirements for ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

Dec 29 (Reuters) - Economists see the tax cuts in Trump's One Big Beautiful Bill as a principal driver of the U.S. economy in 2026, both for individuals and businesses. Here's some detail about what's ...

Parents cannot depend on an automatic enrollment system to create a new Trump Account for their children. To qualify for the $1,000 pilot program contribution for a Trump Account, a child must be a ...

New Delhi: The government has clarified that redesigned Income Tax Return (ITR) forms under the Income Tax Act, 2025, will be issued before the 2027–28 financial year. This will give taxpayers clarity ...

The One Big Beautiful Bill Act created multiple new tax deductions. Many taxpayers will get a larger refund due to the tax changes. Since the IRS did not adjust withholding schedules, a lot of money ...