In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate ...

You might assume that wedding gifts are free from tax. After all, it's a gift, right? However, a 2013 ruling by the Punjab ...

The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the ...

An uproar is underway over a provision that isn’t in the House fiscal plan.

QYLD only meaningfully outperforms QQQ during sharp market corrections, not during consolidations or bull markets. QYLD is a ...

In addition to creating an inequity between tipped workers and everyone else, reducing the Social Security credits for many ...

The IRS uses required minimum distributions to ensure people take money out of their traditional retirement accounts as they ...

An unauthorized loan was not includible in the taxpayer's income; however, expenses incurred in connection with her ...

A Social Security Administration letter advising of a reduction of his self-employment earnings record and an IRS refund were ...

With so much uncertainty surrounding Social Security and its solvency over the next 10 years, there is ongoing discussion ...

Tax Day is behind us. Now comes the only thing better—refund season.The IRS is churning through millions of returns, and for ...

But the income tax decrease in the 2025-26 budget, adopted on April 29, isn’t the largest in 70 years. The income tax rate applied to the excess of a certain threshold, known as a marginal rate, has ...