The latest guidance for the Paycheck Protection Program solves a problem related to deductions, but also brings a decision on when to claim the benefit. If you received a Paycheck Protection Program ...

The IRS posted guidance on Thursday about how to report the deferral of withholding, depositing, and paying of certain payroll tax obligations, as authorized by the Aug. 8, 2020, presidential ...

Tax loss harvesting can help keep your investment returns healthy. What you need to do before year-end. As year’s end approaches, now is the time to do some last-minute tax-loss harvesting to lower ...

The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax ...

A payroll tax deferral put in place by President Donald Trump in late 2020, and corresponding income tax instructions recently issued by the Defense Finance and Accounting Service (DFAS) and the ...

Once again, Congress has passed significant legislation at year-end. The Consolidated Appropriations Act, 2021, includes a surprising number of tax provisions, many of which had not been widely ...

Tax Day has been delayed this year, but if you're one of the millions of people missing stimulus check money from the first two payments, now's the time to file for a Recovery Rebate Credit on your ...

The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17. By Ann Carrns Who wouldn’t grab an income tax ...

There are seven federal income-tax brackets with tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate is based on your taxable income, after benefits such as the standard deduction are ...