Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Estimated taxes are due quarterly, usually on the 15th day of April, June, September and January of the following year. One ...

Federal income tax returns are due on April 15, but there are several other important dates to remember throughout the year.

Or, if you’re really committed to paying less in taxes, you could move. In nine states, income isn’t taxed — allowing residents to hold onto more of their hard-earned dollars. For retirees, this means ...

Find out what's new for residents of Northwest Territories for 2024 and get help completing your Northwest Territories tax and credits form Worksheet NT428 - Northwest Territories Calculate some of ...

If this is the case, you may be able to claim the pension income amount of up to $2,000. Complete the chart for line 31400 on the Federal Worksheet. If the deceased and their spouse or common-law ...

VITA — is again available in Hamilton and Wright counties this year, according to Barb Wollan of Iowa State University Extension and Outreach. This service is possible thanks to the efforts of ...

If your child or children recently started working (or otherwise earning income), they may need to file a tax return this year — and they might need your help to do so. If your child is required ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

Ted Cruz, R-Texas, reintroduced the No Tax on Tips Act, a bipartisan bill he first pushed last year that aims to exempt tips made by service workers from federal income taxation. The text of the ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...