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The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...
If you're a gig worker, you may need to pay taxes four times a year instead of just once. Here's how to keep organized and avoid potential tax penalties.
Wondering why is my tax return so low this year? Learn the most common reasons for smaller refunds and steps you can take to ...
Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be ...
• Pay 110% of your 2024 total tax (if income was above $150,000) For those who failed to meet the deadline, the recently introduced IRS Fresh Start Program can provide alternate opportunities.
The Federal Inland Revenue Service (FIRS) has engaged stakeholder to focus on the practical implementation of the 2024 Withholding Tax (WHT) Regulations. The engagement attracted a cross-section ...
Sen. Elizabeth Warren (D-Mass.) is leading a Democratic effort to challenge Treasury Secretary Scott Bessent on the victory he claimed last week on increasing tax revenue in April and May. Why it ...
That threshold increases to 110% if your 2024 adjusted gross income was $150,000 or more, which you can find on line 11 of Form 1040 from your 2024 tax return.
The tax-and-spending cuts bill would have the IRS scrambling to prepare its IT systems and employees for major changes to the tax code ahead of next year’s filing season. The Trump administration’s ...
As we move through 2025, the IRS has rolled out key updates that may affect how you file, plan, and save. From adjusted tax brackets to increased deductions, here’s what every taxpayer should know.