Freedom Debt Relief reports that severance pay is taxable as ordinary income, affecting your tax bracket and obligations. Employers may withhold varying amounts based on payment structure.

Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

Here's how you can claim contractors claim the 45L energy efficient home credit using Form 8908 for ENERGY STAR and ZERH ...

New Tax Code section 7701 (a) (51) provides, simply, “the term ‘prohibited foreign entity’ means a specified foreign entity or a foreign influenced entity.” (Emphasis added.) So, at the most basic ...

The third-quarter estimated tax deadline is Sept. 15. Payments could be more complicated for some filers amid Trump's tax ...

A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

Passed on July 4, 2025, the One Big Beautiful Bill Act (OB3) is packed with tax provisions that can impact businesses, even ...