Since the due date for your 2024 federal income tax return is still months away, it might seem odd to start thinking about your 2025 federal tax return now. But it’s never too early to begin ...

No. They are projected to get a small tax cut, but also experience a net loss in household resources due to Medicaid and food assistance cuts.

Social Security benefits can be subject to federal taxation depending on your total income, and they can bump you into a ...

Wealthy Americans already pay a disproportionate share of federal taxes. And high taxes and runaway spending hurt the middle class.

Most Americans think they pay too much in federal income taxes, and about 6 in 10 mistakenly believe middle-income households shoulder the highest tax burden.

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

Missing the income tax deadline or failing to pay can have costly consequences Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay ...