The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...

Foreign professionals in Thailand should review personal income tax filing requirements, residency thresholds, deductions, and foreign income rules to assess their tax exposure.

It would be the first income tax in Washington, affecting an estimated 20,000 households. Some of the wealthiest are leaving for Florida.

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. Those income spikes last year likely ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.

The Tax Court determined that W-2 wages that are not deductible under Sec. 280E in calculating taxable income are not included when calculating the Sec. 199A qualified business income (QBI) deduction.

Rates on municipal bonds moved higher this week, which many see as an opportunity to lock in yields and stabilize portfolios.

About 20% of eligible taxpayers do not claim the Earned Income Tax Credit, according to the IRS. 1 During the last filing ...

Two common NRI tax questions answered: how to re-request a failed income-tax refund credited to an NRE account, and whether ...

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

The so-called “millionaires tax” was approved by Washington’s Senate on Monday, advancing a measure that would create a 9.9% tax applied to taxable, personal annual income that exceeds $1 million. Gov ...

OLYMPIA, Wash. — As Washington’s proposed “Millionaires Tax” advances through the Legislature, key questions are coming into focus. Currently in the state House, the proposed income tax would impose a ...