Here are some common tax errors you should avoid on your current tax return. ITINs are 9-digit numbers issued by the IRS to taxpayers that don’t have a SSN for U.S. federal tax purposes. If you do not ...

Conventional wisdom in law and economics holds that legal rules should be designed solely to promote efficiency, leaving income redistribution to the tax system. But when does this principle hold true ...

Jason Kohout, partner and co-chair of the Family Offices group, sits down with John Strom, federal lobbyist and member of Foley’s Public Policy & Government Relations group, for a 10-minute interview ...

If you opt for the standard mileage rate (67 cents per mile for tax year 2024), you calculate your deduction based on the ...

We asked financial professionals what they are telling clients about filing their returns this year and mitigating tax bills ...

The president's proposal to eliminate taxes on overtime and tips aims to boost worker earnings, but how do taxes apply to ...

A false rumor spread on TikTok claimed that Donald Trump signed a law preventing child support recipients from claiming their children on tax returns. The claim, which sparked widespread debate, has ...

The IRS may, for example, share some of your tax data “with law enforcement agencies for investigation and prosecution of non-tax criminal laws” and with the Social Security Administration for ...

He said, “I met President Bola Ahmed Tinubu two days ago regarding the tax reform bills, and he instructed me, ‘Mr. Chairman, go and do the needful. “ Give me a law that is workable from the tax ...

Orban extends tax cuts ahead of 2026 election To cap housing loan interest rates at 5% Ready to reimpose food price caps, limit profits Ukraine will not join EU against Hungary's interests ...

ETR fluctuates yearly based on income, deductions, tax law changes, and business strategies. Investors and businesses monitor it closely for financial planning. Risk Disclosure: Please be fully ...