The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security ...

New analysis shows only 10% of Americans now benefit from itemizing, but knowing which deductions you can still claim regardless of your filing choice could make a significant difference.

Nicholas Mirkay, Associate Dean for Academic Affairs and Professor of Law at the William S. Richardson School of Law, joins producer/host Coralie Chun Matayoshi to discuss whether GoFundMe ...

Governor Moore discussed the idea that no Marylanders should be left behind,” Allegany County Attorney T. Lee Beeman told ...

The 2023 grocery tax reduction bill included a mechanism for counties and cities to reduce their local sales tax. According ...

From increased standard deductions to special write-offs for educators and self-employed individuals, understanding these ...

The vast majority of taxpayers choose to take the standard deduction since it's much easier than itemization, and you don't ...

Saver's Credit (Retirement Savings Contributions Credit): Encourages low- and moderate-income taxpayers to make contributions to retirement plans, such as a 401 (k) or an IRA, by offering a ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

The Maryland Catholic Conference warned that the proposed change could have “unintended consequences” on charitable giving in ...

Businesses like Chicago's Momentum Coffee recently traveled to Washington, D.C., to meet with members of Congress over tax ...