Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Voters have heard the slogan so often it sounds like settled law: no taxes on tips, overtime, or Social Security. The reality ...

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary and have restrictions. Days after ...

Tax professionals say changing payroll services may stop future mistakes, but it does not erase unpaid taxes or filing errors already on record with the IRS.

The Tax Policy Center said that roughly 60% of households with tipped workers will see a tax cut under the new legislation, ...

Sen. Josh Hawley (R-Mo.), who could emerge as a key vote on President Trump’s agenda, says working-class Americans should be able to take tax deductions on their payroll taxes, which would save ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS can be tough on collecting income taxes, and even tougher ...