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

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 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 ...

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

Running a business involves complex financial management that requires a well-organized cash flow system for long-term ...

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 ...

While the tax exclusion for employer-sponsored health care was not included in the House-passed reconciliation bill, it ...

The U.S. House Energy and Commerce Committee advanced its portion of the fiscal year 2025 reconciliation bill, which includes the consideration of significant Medicaid cuts.

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

The GOP legislation that just narrowly passed the House is a perfect illustration of that. It delivers exorbitant tax ...