The current rates and brackets were set by the 2017 tax overhaul, and they expire at the end of 2025. If Congress doesn’t make changes, the top rate will return to 39.6% in 2026.

It's the last week of the year, which means it's your last chance to save big on taxes. Here are 10 tips to reduce your taxable income for 2021.

If your child was born in 2021, you could be owed up to $1,400 in tax credit from the Internal Revenue Service. Here’s what parents of babies born last year should know before filing 2021 income ...

There were a lot of temporary changes made to the child tax credit just for 2021. For starters, it was raised to $3,600 per child ages 5 and under, and to $3,000 per child ages 6 through 17.

Effective for tax years beginning in 2021, the IRS will generally require new Schedules K-2 and K-3 for persons filing Forms 1065, 8865, and 1120-S. Partnerships and S corporations are to use ...

So, if you have used all of your $11.7 million exemption in 2021, you can gift an additional $360,000 tax free in 2022. How Do These Changes Affect your Existing Estate Planning Documents?

Individuals who received less than the amount to which they were entitled (e.g., their income in 2020 was higher than in 2021; they had a new dependent in early 2021), can figure a recovery rebate ...

As we make our way into 2022, it is better late than never to take steps to minimize your 2021 taxable income. This will help you to maximize the benefits of the 20% QBI tax deductions. As a ...

Taxpayers got a surprising tax break relating to unemployment benefits received in 2020 only, as part of a $1.9 trillion stimulus package, which was signed into law in March 2021.