By Tony Futia My legal battles with the IRS and with New York State officials who allowed the IRS to take a large part of my ...

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

If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard that significant changes in the federal tax credit of up to $7,500 for EVs and plug-in hybrids took ...

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions ...

The first few weeks of President Donald Trump's second term has focused on efforts to reshape the federal government largely through mass firings of federal workers. But he rarely mentioned them ...

But those looking to better understand the finer points of how the estimation process works can use IRS form 1040ES, along with the accompanying instructions and the estimated tax worksheet.

You would use the IRS tax computation worksheet if you make $100,000 ... Now assume that your W-4 resulted in your employer withholding $7,500 in federal taxes. This isn’t enough to meet your ...

If you're one of those people, all you have to do is file a 2021 federal income tax return by April 15. Taxpayers have roughly one month left now to claim that 2021 refund. The Internal Revenue ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

The General Services Administration (GSA), which manages federal properties ... as several Internal Revenue Service hubs that process tax returns. The IRS said in an internal memo last week ...

The Washington Post reported on March 1 that officials from Mr Musk’s team expressed interest in using personal tax records to check federal benefits payments for fraud. The New York Times and ...

The action aligns with executive orders aimed at optimizing government efficiency. The IRS's free tax-filing service remains online despite these changes. The Trump administration has pulled the plug ...