By contributing to 401(k) plans and IRAs (Individual Retirement Accounts), they aim to secure their financial well-being ...

Now that tax season has arrived, you might be wondering whether or not you’ll owe the government money this year. How much ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you ...

Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

The proposal ends some taxes on tipped income and overtime pay and extends Trump’s expiring 2017 tax cuts.

It is important for employers in California to understand what is permitted for wage deductions to maintain compliance and ...

A paycheck from the Tampa Bay Buccaneers dating back to October 2004 has set off a storm of speculation after it appeared on a now-defunct YouTube channel focused on thrift store f ...

Additionally, the deduction would be available for overtime pay earned between 2025 and 2029, and could be claimed even by those who take the standard deduction (i.e., don’t itemize deductions).

I write about money. I’ve been reviewing tax software and services as a freelancer for PCMag since 1993. Along the way, I took on reviews of other types of business and personal finance technology.

That means when you're looking at your paycheck, you may see the Medicare tax combined with the Social Security tax as a single deduction for FICA. In 1966, the Medicare tax was created to make ...

I write about money. I’ve been reviewing tax software and services as a freelancer for PCMag since 1993. Along the way, I took on reviews of other types of business and personal finance technology.

Opponents may argue the deduction disproportionately helps those earning near the AGI cutoff and complicates the tax code. The Overtime Pay Tax Relief Act has not yet gained cosponsors, but it may ...