Shortly after the first government shutdown since 2019 began earlier this month, Office of Management and Budget Director ...

De minimis benefits – Some of the fringe benefits that are not eligible for tax-free treatment are season tickets to sporting ...

Your tax filing status—single, married, or head of household—can affect how much money your employer withholds from your ...

If you’ve ever taken the leap to work for yourself—maybe designing logos between school runs, shooting weekend weddings, or ...

Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

Retired General and former Vice Chief of Staff for the U.S. Army Jack Keane was bluntly critical of the Pentagon's new press ...

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

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 ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

The Federal Board of Revenue (FBR) said on Monday that the deadline for filing income tax returns for the 2025 tax year would not be extended beyond September 30 (Tuesday). In a statement, the board ...

The government has made the new tax regime the default option now. The new tax regime has lower tax rates but also has fewer exemptions and deductions. Taxpayers can choose the old regime only if they ...

The deadline for filing income tax audit reports is October 31, 2025, for eligible taxpayers, who must use forms 3CA, 3CD, and 3CB. Late submissions may incur penalties. Recent amendments to Form 3CD, ...