Freedom Debt Relief reports that severance pay is taxable as ordinary income, affecting your tax bracket and obligations.

Whether you've been paying Social Security taxes for years or are just starting out, you may wonder where the money goes and ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

The tax break for tipped workers, worth up to $25K in 2025, sounds straightforward but doesn't apply to all tips or all jobs ...

Accountants give their tips on how workers and employers should approach tipped income under new tax rules. The tax and spending bill passed by Congress and signed into law by the president on July 4 ...

If you’ve ever wondered what is a retirement income fund and whether it belongs in your portfolio, you’re not alone. Let’s break down exactly how they work.

The IRS has 10 years to collect from you if you don't pay and it can seize your assets and income, but you might be able to ...

Words like “ignorant,” “clueless,” “stupid,” “idiotic, “inane,” “moronic,” or “asinine” are harsh. They should not be used in ...

If you're collecting benefits on a spouse's (or ex-spouse's) work record, you may lose those if you remarry. Although Social ...

New year, new pay rise… but don’t get too excited. While you might think your yearly incremental pay rise can only be a good thing, think again. That’s because, according to a new global report by ...

Your first Medicare bill could be a lot more than you were expecting. Here’s how to prepare for a bill that could run into ...

I enjoy your articles and value your opinion. I am a 70-year-old retiree and married to my 66-year-old wife. Our 2025 income is $140,000 (annuity pension, Social Security and interest from a ...