Once you reach a certain age, the government imposes required minimum distributions, or RMDs, on your accounts each year. You ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 13, 2025 – January ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

Amidst the 2024 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your ...

The U.S. Department of the Treasury and IRS on Jan. 10, 2025, released initial guidance regarding the production tax credit (PTC) for clean ...

When fans, both casual and committed, place their bets on Super Bowl LIX, many will be focused on proposition bets, such as ...

On Friday, the IRS released initial statistics comparing the end of January 2025 with early February 2024. As of Feb. 7, 2025 ...

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

Nine of these states cut their individual income tax rates for 2025. The most significant change is in Iowa, which had an individual income tax rate of 5.70% in 2024 and now has a rate of 3.80% for ...