Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. Members of Elon Musk's Department of Government ...

Direct File was launched as a pilot program in 2024. It allowed eligible taxpayers in a limited number of states to file their federal returns directly with the IRS at no cost. The program was ...

The release was not spontaneous, nor was it a leak, as the IRS had already been considering releasing the code as a way to demonstrate a commitment to public trust and enable independent assessment of ...

Income Tax Slab, Budget 2025 LIVE Updates: Finance Minister Nirmala Sitharaman on Saturday said that she would introduce New Income tax bill next week. She added that she would update on indirect ...

Reports indicate that the Trump administration is planning to eliminate the IRS Direct File program. While Republican lawmakers had previously targeted the program, the free tax software program had ...

Direct File, the Internal Revenue Service’s long-promised free tax filing software, might be at risk of being killed off by the Trump administration, but the code that made the service possible will ...

The IRS is rolling out major changes ahead of the 2026 tax season, including one rule that could save taxpayers significant ...

Every year, donors give billions of dollars to American colleges and universities. Some give for social or sentimental reasons, but most do so because they want to aid exceptional students, faculty, ...

A hot potato: Before the new Trump administration took office, the IRS had been working to modernize its aging technology infrastructure and implement major changes aimed at improving the taxpayer ...