Making tax digital (MTD) for income tax is part of the government’s strategy to reduce this gap. It introduces requirements ...

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Worried about IRS wage garnishment? Here's what to know about your options before more of your paycheck disappears.

Imagine for a moment how you would feel as a property investor if the government then required you to have it formally valued ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

While there isn’t a one-size-fits-all number, the rule of thumb many experts recommend is having at least three to six months ...

If you’re a millionaire, congratulations, you have made it, and you should only be thinking about what to do with all of your ...

Legislative pay has not been raised in three decades. Could a proposal to boost SC lawmakers' pay sink budget talks at the ...

Replacing income taxes with tariffs might sound like a solution that will save the middle class money, but it's not that ...

which can reduce their tax burden.Income tax rates applicable for individuals aged between 60 and 80 years who are senior citizens. To calculate income tax as per the old income tax slab ...

The House plan would disproportionately benefit top earners and sacrifice significant federal revenue — without increasing ...