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 ...

On December 4, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations providing further guidance ...

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 ...

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.

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of ...

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

The IRS is set to revolutionize the tax filing process in 2025 with expanded Direct File access and significant tax code ...