What is a FICA tax?
For example, a portion of your paycheck is withheld under the FICA tax. FICA stands for Federal Insurance Contributions Act, ...
IRS employees accept OPM federal worker buyout. How could the 2025 tax season be affected?
About 75,000 federal workers took a buyout deal from the Trump administration. The terms are different for some IRS employees. Learn more here.
IRS employees accept OPM federal worker buyout; How the 2025 tax season may be affected
The deadline for federal workers to accept OPM's buyout offer was on Feb. 6, but terms of resignation are different for IRS workers during tax season.
Are There Any Tax-Free Investments? A CFP Explains
Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.
Be Sure to Claim All Your Tax Credits to Get the Largest Tax Refund Possible
Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...
gbnews15d
British businesses brace for £28bn tax bill in Reeves's National Insurance raid: 'Significant burden!'
The nationwide impact of these National Insurance contribution changes will be particularly pronounced for businesses managing diverse workforces across multiple tax bands. The £16.7billion increase ...
JD Supra15d
IRS Clarifies the Federal Income and Employment Tax Treatment of Contributions to and Benefits Paid from State Paid Family and Medical Leave Programs
Employee Contributions withheld from an employee’s wages are included in the employee’s Federal gross income and are considered wages for Federal income and employment tax purposes.
NationofChange15d
Tesla paid zero federal income tax in 2024 while GOP pushes more corporate tax cuts
Tesla’s ability to legally avoid federal taxes was supercharged by the 2017 Tax Cuts and Jobs Act, passed by Donald Trump and a Republican-controlled Congress. The law slashed the corporate tax rate ...
Insurancenewsnet.com17d
Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted
The FIO was established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Its purpose is to provide a federal perspective on the insurance industry, which is ...
OpenSecrets.org23d
American Federation of Government Employees
The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft money donors to political parties, as reported to ...
The Washington Post24d
Trump targeted federal workers in his opening act, starting with DEI employees
President Donald Trump targeted federal workers in an opening act aimed at exerting political control over a sprawling bureaucracy — putting federal diversity, equity and inclusion employees on ...
news24online24d
Union Budget 2025: Will Nirmala Sitharaman Replace Income Tax Act With Direct Tax Code?
Will Finance Minister Nirmala Sitharaman replace the present Income Tax Act with the Direct Tax Code? As the country is gearing up for Union Budget 2025, businesses, individuals and all other ...