Some hiccups could be ahead as we learn more about restrictions involving a new tax break based on Trump's campaign promise of "no tax on tips." ...

On July 4, 2024, President Trump signed the “Big Beautiful Bill,” which contains two provisions that provide federal income tax deductions on ...

New federal tip and overtime deductions effective in 2025 require employers to reassess payroll, reporting and compliance practices ...

Maximum annual deduction is $25,000; for self-employed, deduction may not exceed individual’s net income (without regard to ...

How you fill out Form W-4 determines how much your employer withholds for taxes. You need to get it right so you don’t end up ...

The Internal Revenue Service won't be changing information returns and withholding tables for 2025 for the OBBA, but changes ...

It might be tempting to underreport your income or tilt the value of tax deductions in your favor. But the IRS has its methods for catching people who cheat.

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.

If you have changed your job within a year and claim tax deductions from both employers, then you may get a notice from the I-T department. Image: Pixabay Have you received a notice after filing the ...

Employers and businesses have until July 31 to e-file Q2 Form 941. Tax1099 offers a fast, compliant solution to file within minutes and avoid hefty penalties.

President Donald Trump’s “big beautiful bill” includes a section for “no tax on tips.” Now that the provision is enacted, here’s what experts know so far.