Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any ...

Hopefully, if you owe them, you have the savings you need to pay your tax bill when you file your return. Not everyone owes ...

The child tax credit and an expanded earned income tax credit is expected to put more money back into filers' wallets.

If your claim for the Earned Income Tax Credit (EITC) was rejected on your 2025 tax return, it is important to know what ...

Tax Talk explains individual income tax credits. Refundable can bring a tax liability to zero. Non-refundable can't generate ...

If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive a Form 1099-K this year. Here’s what ...

Ways to avoid paying taxes on Social Security benefits. Before we dive into some ways to potentially reduce your tax burden, ...

Newspaper owners have urged the government to help the newspaper industry overcome the difficulties it is facing due to the current economic crisis.

Speculation is rampant that Gov. Tate Reeves will call a special session if the Senate does not acquiesce to his and the House leadership’s wishes to eliminate the state personal income tax. Here’s ...

The ITAT’s ruling clarifies that the retrospective application of the 2022 amendment to Section 14A is not valid, reinforcing the principle that disallowances under this section require the presence ...

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has criticized Nigeria’s current ...

The federal government has successfully recovered Rs. 23 billion from 16 commercial banks in windfall tax following the Sindh ...