The new federal tax and spending law includes tax breaks for middle-income workers who earn tips and overtime pay.

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they imagined with a deduction.

A Florida woman has been sentenced to 30 months in federal prison for orchestrating a decade-long scheme to hide more than $90 million in offshore assets.

U.S. trading firm Jane Street is not co-operating with the income tax department in the ongoing investigation against the ...

The pilot program, launched in 2024, allows millions of Americans to file their taxes directly through the IRS free of charge.