The Work Opportunity Tax Credit can help both people who’ve had a hard time finding work and the companies that hire them. But a deadline to claim the WOTC tax break is fast approaching.
Donald Trump’s revised tax plan is less costly, but at the expense of those who contribute to charities. They would lose more of the value of their itemized deductions.
Some medal and prize-money winning U.S. Olympic athletes from the Rio Games are about to enjoy that income tax-free.
When you turn 70 1/2, tax law demands you take some money out of traditional IRAs and other tax-deferred retirement accounts. One senator wants to make those required minimum distributions, or RMDs, later.
Brick and mortar retailers hope that a national sales tax law will get shoppers back into real stores. But lawmakers can’t agree on the tax method. Now a hybrid has been proposed.
Adjust your payroll withholding now to avoid the 2017 tax season delay of refunds related to Earned Income Tax Credit or additional child tax credit claims.
Some South Florida property owners got surprisingly big real estate bills due to a computer entry error by the local tax office. You have options if you, too, get a tax bill that you think is wrong.
If you miss the 60-day retirement plan rollover deadline, a new IRS ruling could save you from taxes plus the 10% penalty usually assessed in these cases.
The IRS is looking to transform its services and taxpayer interactions with a view toward digital enhancements. Some worry, however, that such a move will shortchange some taxpayers.
The pervasive IRS impersonation tax scam keeps growing. With school set to resume, scam targets now are students, who are urged to pay a fake federal student tax.