Freedom Debt Relief reports that severance pay is taxable as ordinary income, affecting your tax bracket and obligations.

In a letter to the IRS, the AICPA said the changes align with an executive order mandating that all federal tax payments and ...

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

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

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

The agency has said thousands of taxpayers have filed inaccurate returns after following misleading social media advice.

The Republican megabill, signed by Trump on July 4, eliminated the IRA’s EV tax credits, which offered consumers up to $7,500 for purchasing a new EV and $4,000 for a used one. The credits are set to ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The new forms show how new laws, ...

When President Donald Trump signed The One Big Beautiful Bill into law, it sped up the elimination of the clean vehicle tax credit. The $7,500 incentive was originally set to expire on December 31, ...

After months of speculation, the government announced earlier this summer that the federal electric vehicle tax credit has an expiration date: Sept. 30. But not so fast: The Internal Revenue Service ...

Donald Trump has once again stirred the debate on tax policy, recently advocating for eliminating income tax and returning to a tariff-based revenue system. "We're going back to the old days. No ...