Organizations and individuals that pay you money — whether a company, a financial institution, or a person who hires you as contractor — typically must report how much they paid you to the IRS.

President Trump discussed his "no tax on tips" plan in January. The IRS has released its guidance for the "no tax on tips" ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...

When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products ...