Regardless of when the government gets back up and running, it is likely that the effects of the reduced staff, reduced ...

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...

(New York City’s income tax was a flat 2% when it began in 1966.) Under Mamdani’s plan, the tax would be tacked on at the top, taking an additional 2% of incomes over $1 million, making the tax more ...

The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping ...