Discover the role and tax requirements of household employees, such as nannies and housekeepers, and learn how they differ from independent contractors.

States faces a choice on whether to embrace Trump’s tax cuts on tips, overtime and moreBy DAVID A. LIEBAssociated PressThe Associated PressJEFFERSON CITY, Mo.Lawmakers across the U.S. will be debating ...

If you work as an employee, you’ll encounter two forms in the course of your employment: Forms W-2 and W-4. Your W-2 will report your earnings, benefits paid, and taxes withheld each year while the ...

If you itemize your tax deductions and like to contribute financially to the causes and groups that you support, do it before ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

ITAT held that appeals filed with incorrect jurisdiction cannot be heard. All four appeals dismissed, but assessee allowed to refile before correct ...

The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

Paying taxes is a reality for citizens in the United States, and the government is already urging them to start preparing. The Internal Revenue Service (IRS) ...

Cristobal Young received funding from the Russell Sage Foundation and the Washington Center for Equitable Growth in support of this research project. New York’s mayor-elect, Zohran Mamdani, campaigned ...

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

The IRS has released new tax brackets for 2026 that will impact all U.S. taxpayers. The adjustments are made annually to prevent “bracket creep,” when inflation forces taxpayers into higher brackets, ...