"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

If you don't pay your taxes on time, you may find the problems that follow are greater than if you simply filed by the ...

No new federal stimulus checks are authorized for November 2025; Congress has not passed any new legislation, and the IRS has ...

As tax season approaches, you might be asking yourself, "Is rental income taxable?" Or, "Do you pay tax when you sell a rental property?" The short answer is that it depends. Rental income is often ...

Research consistently shows that many Americans misunderstand how their income is taxed, which experts say could help explain why many people are disgruntled with the U.S. tax system. About 55% of ...