Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this ...

Freelancers and side hustlers who made over $5,000 via third-party payment apps in 2024 will receive tax form 1099-K. Here's ...

ProPublica’s “Secret IRS Files” series contains examples of billionaire financiers who avoided Medicare tax despite earning ...

Most working Americans have to pay Medicare taxes, but some of Wall Street’s richest figures found a way to opt out.

DOGE’s supposed goal is to identify $2 trillion in savings and reduce the size of government—and the deficit—by slashing ...

Do you consider yourself a resident of two states? If so, then figuring out tax rules can be understandably tricky, especially when you think about how that affects your taxes. Here's an overview ...

Prepaying income tax on a retirement account might be a good idea. Or it could be a really bad idea. Read this before pulling ...

Before making a gift to someone, it’s important to understand how it will be taxed and the IRS’s annual and lifetime gift tax ...

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act), was originally signed into law on December 20, 2019.

In 2025 the rules for 401(k)s will undergo several significant changes as a result of the federal SECURE 2.0 Act of 2022.

Elon Musk recently polled his X followers with a simple question: Should the IRS’s funding be increased, the same, decreased ...