In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion.

Today, no nuns run any U.S. Catholic health system, while many of these hospitals pull in billions, according to their ...

Massachusetts is famous for its world-renowned hospitals, universities, beautiful shoreline — and exorbitant taxes. Fed-up ...

Since January 2021, the federal workforce has increased by about 120,800 employees. Washington has added as many workers in ...

When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 ...

The final regulations on the sale of property seized by the IRS through a levy for nonpayment of taxes provide a long overdue ...

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

The Internal Revenue Service (IRS) has announced that employees can contribute up to $23,500 to their 401(k) plans in 2025, ...

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in ...