Rockford tax professionals forecast the highest average refunds in two decades, driven by new federal deductions for overtime, tips, and child investment accounts, though Illinois residents will miss out on one key benefit.
A perfect storm of deep personnel cuts, leadership instability, and sweeping tax code changes is set to challenge the IRS during the upcoming filing season, potentially slowing refunds for millions. Experts advise electronic filing and direct deposit to navigate the hurdles.
With the 2025 tax filing season now open, millions of Americans are looking ahead to their 2026 refunds. We break down how to track your payment, expected wait times, and the potential impact of recent legislation on your bottom line.
While Roth accounts dominate the retirement planning conversation, a closer look at current tax laws and long-term income strategies reveals a compelling case for prioritizing pre-tax contributions. We examine the data with an expert and explore what gold's historical returns tell us about diversification.
A significant tax deduction increase for seniors, set for 2026 under the 'One Big Beautiful Bill Act,' is projected to hasten the depletion of Social Security trust funds by roughly six months, raising urgent questions about the program's long-term solvency.
The annual Sunday Times Tax List reveals the UK's top 100 individual taxpayers paid a record £5.76bn, featuring a mix of business titans, sports stars, and entertainers, with a notable rise in contributions linked to recent fiscal policy changes.
As Americans begin filing their 2025 returns, a landmark tax overhaul passed by Congress is set to deliver significant savings for families, hourly workers, and homeowners through expanded deductions and new credits.
With key self-assessment deadlines approaching, property investors must navigate a changed landscape of tax reliefs and allowable expenses to minimise their liabilities. Experts urge early preparation to avoid costly surprises.
Meta Platforms is hit with a patent infringement lawsuit by Solos Technology, targeting core components of its smart glasses. The legal challenge could disrupt product development and partnerships in a key growth area for the tech giant.
As the IRS sharpens its focus on digital assets, experts warn that new reporting forms and stringent tracking requirements make accurate crypto tax filing more critical than ever. Missteps could lead to severe penalties.
French authorities have demanded 1.7 billion euros from Uber for unpaid payroll taxes, alleging the ride-hailing giant misclassified drivers as independent contractors to avoid employer obligations, a report reveals.
Google has agreed to a $135 million settlement to resolve a class-action lawsuit alleging unauthorized data collection by its Android operating system, pending court approval. The deal also mandates clearer user controls and disclosures.
Polish online marketplace Erli has filed a lawsuit against dominant rival Allegro, alleging the platform abuses its market power to pressure sellers into maintaining higher prices on competing sites. Allegro denies the accusations, stating its seller benefit programs are voluntary.
India's government has reaffirmed its stringent cryptocurrency taxation framework in the latest budget, leaving the controversial 30% levy and 1% transaction tax unchanged, dashing industry hopes for reform and cementing a policy that has already driven billions in trading volume offshore.
In a bid to boost the global competitiveness of Indian accounting and advisory firms, the government has announced a dual-pronged reform: simplifying the 'accountant' definition under Safe Harbour Rules and merging tax computation standards with financial reporting norms.
India's latest budget proposal maintains its stringent 30% tax on crypto gains and 1% TDS, while introducing a new penalty regime for non-compliance with transaction reporting, including daily fines and a flat $545 charge for errors.
A proposed wealth tax on California's ultra-rich has ignited a fierce debate, pitting tech billionaires against a coalition of millionaires who argue it's time for the wealthy to pay more. The fight echoes past battles over Silicon Valley's influence and raises questions about the state's economic future.
HMRC opens phone lines and boosts digital services on the final Saturday before the January 31 deadline, as over a million taxpayers missed the cut-off last year.
HSBC UK and Sage have unveiled 'My Business Finances', a new digital tool embedded within the bank's platform to help sole traders and landlords comply with upcoming Making Tax Digital (MTD) for Income Tax rules, streamlining invoicing, bookkeeping, and tax filing in one place.
Official figures reveal a sharp 26% increase in the annual cost of public sector pensions, now reaching £39bn, with taxpayers covering the bulk of the expense as employer contribution rates rise.
