Understanding how federal and state taxes apply to your benefits can help you keep more of your money. Here’s what you need ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

In the United States, many retirees are caught off guard when they discover that their Social Security benefits may be ...

There are also various tax credits, deductions and benefits available to you to reduce your total tax payable ... is calculated in the same way as your federal income tax.

The Department of Government Efficiency has the objective of cutting government spending by $2 trillion per year out of $6.8 ...

House Speaker Mike Johnson said Sunday that Republicans will find spending cuts to offset President Trump’s push for tax cuts, which a nonpartisan budget analysis estimates will cost at least $5 ...

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

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

A financial watchdog group is warning that the U.S. debt could 'explode' if tax policies under discussion in the White House ...

Plus: President Trump signs an executive order targeting 'anti-Christian bias.' | The U.S. Treasury temporarily agrees to ...