The IRS urges taxpayers to use the Tax Withholding Estimator in 2025 to avoid unexpected tax bills or refunds next year.

There is a lot to know when it comes to filing taxes. Our complete guide for the 2024 tax year (filing in 2025) should help.

NEW YORK — Unlike a full-time employee whose taxes are deducted from their paycheck, if you're an independent contractor, it's your job to pay taxes on your own — and you'll want as many 1099 tax ...

The government has officially abolished the 10% withholding tax on lottery winnings. This move applies to all forms of games of chance, including gaming, betting, lotto, and similar activities.

Undocumented workers’ wages are subject to the same tax withholding and reporting requirements that applies to other U.S. residents. DHS officials previously suggested they’d ask the IRS for ...

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so ...

Kentucky residents impacted by February's deadly storms have more time to file their taxes in 2025. The deadline for both federal and state taxes has been extended from April 15 to Nov. 3.

Taxpayers receive IRS Form 1099-INT for any investment interest they earn during the tax year. The reporting of tax-exempt interest is in box 8 of the 1099 form. This information is only for data ...

Plus: Soccer under the tax microscope, understanding why you might not be getting a refund, ChatGPT, tax audit statistics, tax data security, tax trivia, and more.

This must then be filed by the taxpayer to the IRS. "I see a lot of people tend to forget [1099] tax forms," Ali told Newsweek. "And then when they file, they end up under-reporting. So make sure ...