The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

Elon Musk has criticised the legitimacy of New York City's election system. Those millions of dead people supposedly claiming Social Security? It’s obvious now that they were bogus. Growing number of ...

My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give $19,000 in a year without triggering a taxable event. What is the best way to ...

On October 8, 2025, the Allahabad High Court said that taxpayers should not be left at the mercy of an Income Tax Assessing Officer (AO) who chooses to delay the payment of genuine refunds. The ...