The maximum credit for families with two children will increase to $7,316, up from $7,152 in 2025. Those with one child can ...

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

As the famous saying goes, there are only two certainties in life: death and taxes. And every taxpayer should be aware of major changes to the tax code for the 2026 tax year. These include the tax ...

The deadline for public comment on the proposed No Tax on Tips rule is this week. Restaurant industry groups say the rule ...