If either the No Tax on Tips Act or the Big Beautiful Bill" become law, they'd apply to 2025 income when workers file their tax returns in 2026. No taxes on tips from the "One Big Beautiful Bill ...

The Chicken Tax began 50 years ago when Europeans set a tariff on American chickens—the U.S. retaliated with a 25% tariff on imported light trucks.

The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of eliminating federal income tax on cash tips, which picked up political traction ...

A tax professional can help you run the numbers to see whether or not filing separately would help you avoid any potential marriage tax penalty. Every Tax Deadline You Need to Know View All 15 Slides ...

Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here's how income tax works.

The kiddie tax is a tax imposed on individuals under 18 or 24 years of age whose unearned income surpasses an annually determined threshold.

Yes, tax relief services are worth it (and why) Many tax debts can be resolved quickly and easily with the IRS. For example, if the IRS has levied penalties on your overdue taxes, you may be able ...

If you get a $1,000 tax deduction, you only save the amount of the deduction multiplied by your marginal tax rate. For example, if your marginal rate is 22%, a $1,000 deduction saves you $222.

The IRS has made it a bit easier for EVs to qualify for tax credits in 2025. In the meantime, here's what you need to know about which cars are eligible right now.

But you don’t need to hold on to tax documents for as long as you might think. In almost all cases, you can shred or throw away any documents such as W-2s, 1099s or other forms or receipts t.

The gift tax limit is the maximum you can give someone without having to file a gift tax return with the IRS. The limit is $19,000 in 2025 ($38,000 if married).

Want to cut your tax bill and save more money for your financial goals? Tax planning can help. This article outlines how it works.