If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

Box 1 shows your taxable income, including total wages and other compensation. Box 2 shows your federal income tax withholding ... but that doesn’t mean you’ll receive it by then.

On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

A federal judge paused a Trump administration plan to offer buyouts to federal workers. The deadline to decide was Thursday ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with inflation. The IRS increased the threshold for each tax tier b ...

Senate Bill 2 now heads to the House, where top officials say they have the support to create education savings accounts.