In her 2024 Annual Report to Congress, Collins highlights the second most serious problem as delays in tax return processing, ...

In a Sunday post on Truth Social, Trump said, "Members of Congress are getting to work on one powerful Bill," that will ...

Freelancers or gig workers can delay billing until 2025 to reduce 2024 taxable income. W-2 employees may be able to defer ...

The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for ...

The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.

So does the IRS ever forgive the back taxes you owe, or does delinquent tax debt live on in perpetuity? The answer to this question could mean the difference between financial recovery and continual ...

Since distributions will be required upon Mortimer’s death (although only the Roth account would enjoy tax free distributions and carry a different rule), the traditional IRA and the annuity IRA will ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you fills out the 1099. In most cases, you should receive any 1099 form by the end ...

A few days remain for taxpayers to make some late-year moves to save money on their taxes or simplify their taxes.

Whether you run a business or are self-employed, "effective tax planning can significantly reduce your tax obligations", said ...

President-elect Donald J. Trump will take office on Jan. 20. Here are some money moves pros say you may want to make before ...