An ambitious tax reform aims to eliminate income tax for most U.S. households, but it still faces major legislative hurdles.

President Donald Trump's ambitious tax proposal has sparked discussions among financial advisors and future retirees.

Half of all private-sector workers now participate in 401 (k)-type plans, up from about two-fifths of employees in 2010, ...

With so many currently heading for the exit, it’s a good time for federal employees to improve their understanding of the ...

However, upon retirement, federal employees must shift from autopilot to manual control, taking responsibility for tax withholding themselves. This new obligation can be daunting due to its impact ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

But there is one financially sound reason Trump chose to break this popular promise and leave "no tax on Social Security" out ...

The Department of Education and the Treasury Department are resuming collections for about five million defaulted student loan borrowers, starting with tax refunds. If borrowers do not return their ...

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills ...

According to the budgetary proposal, individuals earning between Rs600,000 and Rs1.2 million per annum are set to receive ...

Additionally, state income tax laws regarding retirement income vary ... All the information above is based on federal income tax laws, but keep in mind that states have their own income tax ...

Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each ...