While the advantages to the parents often receive the most attention, a summer job could pay literal dividends to the ...

U.S. employers and employees have to pay taxes as part of the Federal Insurance Contributions Act (FICA), which funds Social Security and Medicare. Read on to learn more about this tax -- how it's ...

The OASDI tax is deducted from an employee’s paycheck, and it’s factored into self-employment taxes. Find out how much you'll ...

The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000. President Donald Trump ...

The Indiana Family and Social Services Administration wants the federal government to give it the authority to roll back Medicaid eligibility for the state's expansion program. The agency's top ...

For employers, uncertainty about Affordable Care Act public exchange subsidies and rules means uncertainty about ...

The Social Security and Medicare programs face looming financial pressures, with trust fund depletions approaching unless ...

Payroll tax and income tax are similar concepts, and if you work a job in the United States, you'll likely see withholdings for both on your paycheck. The payroll tax system usually refers to ...

The House bill would increase the child tax credit to $2,500 per eligible child from 2025 through 2028, among other changes.

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities ...

Question: Do you know if any agency or group is trying to get taxes on Social Security benefits changed to increase the ...