My father's tax form was one sheet of paper printed on both sides. He had no calculator, nor did he need one. He always got a ...

House Republicans narrowly pass a budget resolution aiming to eliminate taxes on overtime pay and tips, potentially ...

Here are five examples of costs that may be far less than you might expect as a retiree. 1. Saving for the future. When ...

This week on Tax Breaks, Forbes Senior Editor Kelly Phillips Erb is talking about job losses at IRS, taxpayer privacy, the ...

If a beneficiary is due retroactive benefits as a result of the Act, they will receive a one-time retroactive payment, ...

Business owners who take on a spouse as an employee has its advantages, but clients should also be aware how such a move impacts taxes, advisors say. “Hiring a spouse can unlock tax benefits, but only ...

The bill was a campaign commitment by President Donald Trump and reintroduced by Cruz, aiming to eliminate taxes on tips for the first $25,000 earned.

While campaigning for the presidency, Donald Trump suggested abolishing the United States income tax in favor of an "all ...

With big staff cuts coming to an agency already struggling to provide customer service, Social Security claimants should ...

The OASDI tax is one of two FICA payroll taxes that go toward Social Security and Medicare. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Talk to an experienced tax professional to determine the appropriate mix of wages and distributions for your business. The government assesses a 15.3% Federal Insurance Contributions Act (FICA ...