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, ...
10 Best and 10 Worst States for Taxes
Unlike tax rates, tax burdens measure the amount of money taken from your personal income. Tax burdens vary depending on ...
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.
Interest Earnings Last Year May Boost Your Tax Bill—Here's What You Can Do To Lower It
High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...
The IRS Is Watching: 5 Red Flags That Could Trigger an Audit
The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...
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.