Navigating the complexities of federal taxation on Social Security benefits can be daunting. Despite recent legislative ...

Party lawmakers have devised a way around an earlier procedural roadblock to their safety-net cuts.

If not extended, the nonpartisan Tax Policy Center found that people earning between $66,800 and $119,200 would pay an additional $1,380 in federal income tax in 2026 if the GOP measure dies.

Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data shows. We look at how taxation on the state pension works.

By investing $20,000 in each of these high-yielding municipal bond ETFs, investors can generate $1,080 per month in tax-free income.

Tax disclosures by Amazon, General Motors, IBM and Netflix show the companies paid just over $5 billion in federal income taxes in 2022 combined and $15 billion in 2024.

There are three separate bills that would make tips tax-free. Here's the differences between the no tax on tips bills and what tipped workers think.

The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to account for inflation.

The budget bill does not expand a tax provision that exempts student loan forgiveness received from income taxes in most cases.

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

One of Trump's campaign promises was eliminating taxes on tips and overtime. If the bill passes the Senate, employees who work extra hours will have overtime pay exempt from federal income taxes.

It would create a new tax deduction eliminating federal income taxes on tips for people working in jobs that have traditionally received them, as long as they make less than $160,000 in 2025.