President Donald Trump has proposed a plan to abolish federal income taxes for Americans earning less than $150,000 per year, ...

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...

A fter years of paying into the Social Security system, many seniors are surprised to learn that the benefits they receive ...

You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

How to calculate capital gains When you sell a capital asset at a price higher than its "basis," you're generally required to report a capital gain on your federal income tax return. Basis means ...