Bank account bonuses are a nice perk, but do you have to pay taxes on them? We examined a recent Reddit thread about how ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

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

Donald Trump has said he is serious about scrapping federal income tax if he wins the race to the White House. Speaking with comedian Joe Rogan on his hugely popular podcast on Friday ...

Protecting yourself from identity theft, VITA program, Form W-9, presidential campaign tax proposals, green card status and ...

Certain U.S. government obligations are taxable at the federal level only ... as they can be used to lower tax liability. Taxable interest appears on Form 1099-INT. Box 1 of the form shows ...

Donald Trump has suggested he could scrap federal income tax if he wins the presidency. On a campaign stop to a barber shop in the Bronx, the former president was asked if the United States could ...

Former President Donald Trump has again suggested his wildest tax reform plan - fully removing federal income taxes and saying that the lost revenue can be replaced by funds received from tariffs.

Tax deductions lower taxable income, credits reduce tax owed directly. Understanding effective tax rate helps gauge actual tax burden per income. The federal income tax is the primary source of ...

Keep in mind that every year there are changes to tax paperwork. Beyond standard tax paperwork like W-2s or 1099s, there might be others you need to collect, like a 1099 ... forms: Of course, the ...

Reduce tax: If you have any ongoing home loan for your house property then you can claim this interest as loss and set off this loss with other incomes. However as per section 115 BAC, set-off of ...