A little more than 7% of your paycheck goes to cover the social programs that Americans use when they become elderly or ...

The brackets have expanded with this year's IRS changes, which could mean you could have less to pay in taxes once the new ...

Workers who are paid low wages − and in many cases are trying to raise children on overstretched paychecks − can qualify for a financial boost by claiming the earned income tax credit on their tax ...

If you're self-employed, you should be paying your estimated taxes on a quarterly basis. Reasons for not paying taxes throughout the year include financial stress and confusion over the process. If ...

Offset investment gains by selling underperforming investments. Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules.

When people change jobs or residences, their taxes may be affected. Some provisions of the U.S. tax code seem to favor married couples. The account you use to save for retirement will determine how ...