High-earning parents will soon be spared the hassle of filing a tax return to pay back child benefit. We explain what’s changing and how the high income child benefit charge (HICBC) works ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.

SACRAMENTO, Calif. — The Internal Revenue Service's staffing is in flux right in the middle of tax season. The Trump ...

If you have freelance or self-employment income or need to itemize your deductions, you'll probably have to file a complex return. Most tax software companies require filers to pay for a complex ...

In 2025, the Social Security tax cap rises to $176,100, marking a $7,500 increase from 2024. This change impacts individuals ...

Per-capita personal income reached an all-time high in Silicon Valley to $157,100 in 2023, the report found. That was up 2.6% from the per-capita income of $153,000 in 2022. The year 2023 was the most ...

During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all ...

Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies ... steel for a project and paying employees. However, transfer payments ...

To learn more about the purpose of the Department of Education and the number of employees it currently oversees, keep reading. The U.S. Department of Education is a cabinet-level agency in the ...

Determine your estimated retirement corpus and monthly pension under the National Pension Scheme ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...