Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

Key Points ・A W-4 tells your employer how much federal income tax to withhold from your paycheck. ・A W-2 reports your annual ...

Learn about retirement income tax withholding, including its definition, factors affecting it, and the various income sources ...

The ITAT ruled that the AO and CIT(A) erred by mechanically raising a default demand simply because commission was paid to a non-resident. The Tribunal stressed that full compliance evidence (Form ...

Savvy investors can use 1031 exchanges to unlock value by moving capital across markets in a play called geographic arbitrage ...

Fact checked by Vikki Velasquez By the power vested in me by this state, I now pronounce you married. You may now kiss—and file your taxes jointly. It may not have the air of romance, but after the ...

We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling ...

If you earn tips or overtime, the IRS just made your 2025 tax season a little more interesting. A new draft form, Schedule 1-A, lets you claim deductions on those earnings, along with car loan ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

We tested top nonprofit payroll platforms and found Gusto best overall, Paychex strongest for tax compliance, and Rippling the most flexible. Nonprofit organizations play a unique and crucial role in ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the new tax deduction for tipped income. Profit and prosper with the best of expert advice on ...