Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, such as health insurance and 401 (k) ...

Deductions from an employee’s or student’s wages will be in accordance with applicable law and with the individual’s consent, unless the deduction is as a result of a court or government order.

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

Form 1040 is the essential U.S. tax form for reporting individual income to the IRS. Discover its types, uses, and filing ...

Though many people would prefer it wasn’t the case, in the United States, you’re required to pay federal income taxes on the money you earn throughout the year. The self-employed have to make ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Your 2026 paycheck may be about to get a boost: New and increased tax breaks from the 2025 Trump/GOP spending bill could allow millions of workers to increase their monthly take-home pay next year.

A pre-tax deduction, is deducted from your paycheck before federal, state, and other applicable payroll taxes are calculated. A post-tax deduction, is taken after all taxes have been applied. Requests ...