Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

In the vibrant world of social media, influencers are redefining entrepreneurship. Platforms like TikTok have given rise to a ...

The new income tax regime’s revised tax slabs introduce rates ranging from 5% to 30%, with incremental increases across ...

Year-end is when participants who defer income in nonqualified plans choose how much to squirrel away. The 2025 IRS limits on ...

Once Jeremy does find a job he can stick with, he’ll learn that it’s also hard for employees to get much in the way of tax deductions. Still, there are things they can do before year-end to save tax.

Enabling this, CBDT notified the amendments and the new Form 12BAA, last month. The new form enables an employee to offset ...

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in ...

In its notification, the Finance Ministry has said that subsection 2B of section 192 of the IT Act 1961 has been amended ...

Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, ...

When you have business income, one retirement account option is a simplified employee pension or SEP. The investment vehicle ...

Partnering with software firm UiPath, the agency has tapped software robots to complete previously manual tasks, IRS CFO ...

On September 17, an amendment to the Income Tax Rules (Relief in Issuance of Shares to Employees) was officially published, approximately 20 ...