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Social Security Tax Wage Base Jumps 5.2% for 2024
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks next year.
Calculating Taxes on Social Security Benefits
Social Security The federal government can tax up to 85% of your Social Security benefits, so it's good to know how those taxes are calculated.
By Kelley R. Taylor Last updatedSocial Security
Will Your State Rebate Check Be Taxed for 2023?
State Rebates Here's what the IRS says about taxing 'state stimulus checks' and other special state rebates and what it could mean for you.
By Kelley R. Taylor Last updatedState Rebates
IRS Ramps Up Tax Enforcement for Millionaires
IRS IRS tax enforcement led to the collection of $38 million from tax-evading millionaires. But the agency isn’t done making the wealthy pay up.
By Katelyn Washington PublishedIRS
Are 87,000 New IRS Agents Coming for Your Tax Dollars?
taxes $80 billion in funding for the IRS has some people worrying about new IRS agents and audits.
By Kelley R. Taylor Last updatedtaxes
No Tax for Donating Leave to Ukraine Victims
Tax Breaks Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
By Rocky Mengle PublishedTax Breaks
Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Tax Breaks Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
By William Neilson PublishedTax Breaks
How 13 Types of Retirement Income Get Taxed
retirement When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
By Joy Taylor Publishedretirement
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
tax refunds Payments will go to people who filed their tax return by July 15 and received a refund in the past three months or are still waiting for a refund.
By Rocky Mengle Publishedtax refunds
The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
small business loans The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS just did could decimate much of that benefit.
By Bruce Willey, JD, CPA Publishedsmall business loans