Despite its popularity, the IRS Direct File’s fate remains unclear as Elon Musk and DOGE cleave their way through federal ...

As engines become more fuel efficient, and electric vehicles make greater inroads, Illinois faces an unexpected consequence — less funding for roads.

Being active duty military can be complicated enough as it is. However, one tax break in particular can make the constant ...

If you want to claim a tax deduction for business trips, you should be familiar with what is required and explore some of the ...

Around the country, Oregon, Utah, Virginia, and Hawaii have already implemented some form of a pay-per-mile tax. Sen. Marko Liias and Rep. Jake Fey think that the most equitable way to tax is thro ...

Existing guidance was already in place describing requirements for an alternative method of distributing Form 1095-B. As anticipated, the IRS did not choose to reinvent the wheel. The guidance on ...

The standard mileage ... Form 1040 is where you can deduct the car expenses. The standard mileage rate for 2025 is 70 cents per mile for business use, 14 cents for charity use and 21 cents for ...

Orban extends tax cuts ahead of 2026 election To cap housing loan interest rates at 5% Ready to reimpose food price caps, limit profits Ukraine will not join EU against Hungary's interests ...

Self-employed workers can claim their mileage deduction on their Schedule C form, rather than the ... If you’re audited, the IRS will want to see a log that includes dates, destinations and ...

WASHINGTON (AP) — The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency’s plan to go after high-wealth tax dodgers and could spell ...

One of President Trump’s objectives over the next four years is to have US revenues from tariffs become so massive that the Internal Revenue Service is no longer needed, his commerce secretary ...