The tip income needs to be reported on the return. Then, the tax filer will need to fill out the form for "additional deductions" and claim qualified tip income received in the year. The maximum ...

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift!

President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...

There's important news for government employees regarding retirement planning. The Pension Fund Regulatory and Development Authority (PFRDA) has urged central government employees to opt for the ...

AI study finds machines more likely than humans to follow dishonest instructions Researchers warn that delegating to AI lowers moral cost of cheating Guardrails reduce but don't remove dishonesty in ...

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...

The IRS announced today that paper tax refund checks will be phased out starting this month for individual taxpayers.Related video above: Are you eligible for Trump's tax relief on tips, overtime and ...

The IRS has unveiled its annual inflation adjustments for the 2026 tax year, rolling out a long list of changes to deductions ...

Internal Revenue Code Section 529 college savings plans are state sponsored plans designed to encourage residents to save for college. Regardless of age and income, anyone can make contributions ...