NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

Smoltz and Klesko’s business, Buckelew Farm, accuses the IRS and US Tax Court of violating taxpayer confidentiality ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

The Virginia Beach Heroes Act would ensure cash contributions do not fail to qualify as charitable contributions and maintain ...

For instance, many investors squeak in their contributions right before the deadline rather than investing when they’re first eligible (Jan. 1 of the year before).

Make the most of your good intentions by understanding the ins and outs of charitable giving. A good starting point is ...

As tax season approaches, freelancers face unique challenges that traditional employees don’t have to consider. Without an employer to withhold taxes, manage paperwork, or provide financial guidance, ...

Donations made to the Shri Ram Janmabhoomi Teerth Kshetra Trust qualify for tax deductions under Section 80G of the Income ...

If you want to save some income tax by reducing your total taxable income then Section 80G is one of the available options.

The state House Finance Committee approved legislation that would allow living organ donors to claim an income tax deduction ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...