Congress should scrap itemized deductions and enact a flat personal and corporate rate of 15%.

Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025 ... Collapsing the personal-income and corporate tax rates to 15% would have huge economic benefits.

Property taxes would now be based not on the current value of a home or office, but what you paid for it, adjusted slightly, ...

CBIC’s Circular No. 241/35/2024-GST clarifies the availability of input tax credit (ITC) under Section 16(2)(b) of the ...

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

Cash App Taxes is an authorized e-file provider that adheres to the IRS's business, privacy, and security standards. The ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

Tax Notes reporters recap some of the most memorable stories they encountered in 2024, from “pig butchering” scams to a ...

The Clarification of Input Tax Credit Under Ex-Works Contracts: A New Chapter in GST Compliance ...

Bob Powell: The Tax Cuts and Jobs Act of 2017 was a significant overhaul of the US tax code affecting both individuals and businesses, and it's set to expire at the end of 2025. Here to talk with us ...

As the end of the year approaches, it's important for you and your business to consider different strategies before it's time ...