Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

Simple W-4 adjustments and new deductions for tips, overtime and seniors could add $200+ monthly to take-home pay starting ...

Even if you hire an employee for just one day, you must pay him through your payroll system. To compensate the employee, start with her gross pay, which includes wages, bonuses and other compensation, ...

Tax deductions on severance pay are calculated the same way as tax deductions on regular payroll. Therefore, to calculate deductions on severance pay, treat these sums as payroll amounts, and ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The IRS will begin accepting 2025 tax returns on Monday, Jan. 26, 2026, the agency announced. Taxpayers have until Wednesday, ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...