Republicans are in the process of drafting a tax bill behind closed doors that includes an increase of the state and local ...

Your 2024 bonus is taxed at 22% federally (37% over $1M), plus Social Security, Medicare, and state taxes. Withholding varies ...

By John Hood For universities, state governments, localities, medical providers and other institutions receiving lots of federal money, it’s time to batten down the hatches. Storm’s a-brewing. Last ...

Get a bigger refund by knowing which work expenses you can write off, whether you're a W-2 employee or self-employed.

Gov. Kathy Hochul is holding up New York’s 2025 budget to push discovery reform and involuntary commitment changes. Here’s ...

Social Security is not designed to be your only source of financial support in retirement. That's why personal savings are necessary to maintain your lifestyle when you stop working. Learn how to ...

Data from the IRS estimates that 46.2 million taxpayers itemized their deductions in 2017, followed by only 16.7 households in 2018, a plummet of nearly 64%. The Bipartisan Policy Center estimates ...

The maximum amount of deduction is Rs 25000 per annum on health insurance premium paid for oneself and for a family. The maximum amount of deduction is Rs 50000 per annum if an individual is a ...