When filing taxes in 2027 for tax year 2026, expanded tax breaks for charitable contributions and dependent care could make ...

An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

April 15 is tax day, which means the dumbest tax you'll likely pay this week is the one you pay to a software company in order to file your taxes. Over the past several decades, tax preparation ...

Filing back taxes is daunting, especially if you know you’re going to owe a lot of money. The good news is that several IRS programs exist to help you manage outstanding tax debts. If you can’t pay ...

An audit of Susan’s IRA activity revealed that she paid income tax on $50,000 that qualified to be tax-free. Susan mistakenly believed that her IRA custodian would inform her how much of her ...