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.
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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, ...
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.
Young and the Invested on MSN2d
Is an HSA and HRA the Same?
Medical bills can be ridiculously expensive. Anyone who's ever broken an arm, had a baby, spent time in the emergency room, ...
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 ...
RepublicWorld14d
A Guide to Tax Benefits on Term Insurance
Tax season is here, and as Indians rush to meet their financial goals, one investment continues to stand out—term insurance. Known for its unmatched ability to secure your family's future, this simple ...
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Budget 2025 proposals: Insurance industry seeks separate tax exemption windows, FDI boost
The past few Union Budgets have been pivotal for the insurance ... as tax-saving instruments, negatively impacting both life and general insurers. Finance Minister Nirmala Sitharaman may also announce ...
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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 ...
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What Is the Tax Cuts and Jobs Act (TCJA)?
The Tax Cuts and Jobs Act (TCJA ... mandate requiring individuals to purchase health insurance, a key provision of the Affordable Care Act. The highest earners were expected to benefit most ...
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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 ...
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7 Ways to Reduce Taxes on Social Security Benefits
If your overall income is below certain thresholds, you pay zero taxes on your benefits. Unfortunately, those thresholds are pretty low. Under federal law ... funds into an IRA before making the ...