In addition, the total spending allowance to claim the deduction has been increased to $3.13 million. Once that cap is ...

Starting with the 2025 tax year, Form 1099-DAs will replace 1099-Bs for reporting crypto trades. For this current tax season, you will not see any 1099-DAs. Keep this change in mind as it may affect ...

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

If you sold investments for a profit in 2024, you could be facing a tax bill unless you sold other investments at a loss to offset that profit. In either case, just how much of your investment ...

January 27 marks when the IRS will start processing tax returns for the 2024 filing season. The IRS opened up it’s free ...

Year-end tax information (W-2s) will be mailed or made available electronically to employees no later than Jan. 31. Employees ...

The medical insurance premiums you pay on behalf of your employees can be deducted as an ordinary and necessary business expense on your Form 1040, Schedule C, thereby, reducing your taxable business ...

Traditionally, the Bureau of Internal Revenue (BIR) inventory list is associated with taxpayers in manufacturing and retail, where inventories form part of the cost of goods sold, which is a critical ...

The High Court's recent ruling clarifies the interpretation of 'bulk' in the Mineral Royalty Act, reinforcing taxpayer rights ...

Bitcoin at $100,000. Can you believe it? Investors are clearly feeling optimistic about the incoming Trump administration and its promise of deregulation, particularly in the crypto space. With key ...

Announces Federal Tax Treatment of 2024 Dividends Announces Fourth Quarter and Full Year 2024 Earnings Release and Conference Call Schedule HOUSTON, Jan. 16, 2025 ...