This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

Year-end is when participants who defer income in nonqualified plans choose how much to squirrel away. The 2025 IRS limits on ...

Today, no nuns run any U.S. Catholic health system, while many of these hospitals pull in billions, according to their ...

The Tax Cuts and Jobs Act of 2017, a law that increased the estate tax exemption, is scheduled to sunset next year, which ...

In 2025, you'll have the opportunity to sock away even more money in your 401(k) thanks to higher contribution limits.

The final regulations on the sale of property seized by the IRS through a levy for nonpayment of taxes provide a long overdue ...

If you want to avoid complications when filing your U.S. tax return, filing it as soon as possible is highly recommended.

An IRS summons didn’t violate a man’s Fifth Amendment rights against self incrimination, and the agency doesn’t need to be ...

In almost all cases the IRS enforces its rules through fines and penalties. This is the case of Required Minimum ...

Learn how to claim a vehicle sales tax deduction and lessen your tax burden. Find out who qualifies and how you can claim and ...