Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

Caring for a child or parent can mean a drop in income and a lower tax bracket. Why not take advantage by moving money into a Roth account? Here's how it works.

A backdoor Roth IRA refers to a method that allows individuals, particularly high earners, to contribute to a Roth IRA despite income limits that typically prevent direct contributions. By first ...

In the realm of retirement planning, the backdoor Roth IRA stands out as a clever strategy for high earners seeking tax-free income during retirement. However, its advantages extend beyond personal ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...

The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums themselves. Many, or all, of the products featured on this ...

IRS Form 944 reports taxes withheld from employee paychecks. It's a version of Form 941 appropriate for some businesses. Many, or all, of the products featured on this page are from our advertising ...

During the COVID-19 pandemic, millions of Americans packed up and moved — chasing sunshine, freedom and, let’s be honest, a lower tax bill. Fleeing from New York to Florida and California to Texas, ...

Greene County seniors will no longer need to submit annual renewal forms for their property tax freeze starting in 2026. The change aims to ease the burden on more than 20,000 eligible homeowners and ...

Kyoto, Japan, is increasing its tourist tax by up to 900% to combat overtourism. The tax hike aims to manage the strain on city infrastructure caused by a record number of visitors. The new tax, ...

“This program could pay out hundreds of millions of dollars over the next few years,” he said in an interview with iPolitics. Wayne Long, Secretary of State (Canada Revenue Agency and Financial ...