Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income ...

President Trump signed an Executive Order deferring payroll tax in the wake of the COVID-19 pandemic and it impacted the take-home pay of certain individuals.

How you approach taxes in your golden years and in the years before retirement can dramatically impact how much you pay.

The numbers: Wages and benefits for American workers continued to decelerate in the fourth quarter, the Labor Department said Friday. The employment cost index rose at a 3.8% clip in the 12 months ...

Receiving a bonus can be a delightful surprise, but the joy might be short-lived once you realize the tax implications.

Texas compensates for its lack of income tax revenue with a higher sales tax. The average combined state and local sales tax rate is 8.2 percent. Texas also has a 1.47 property tax rate, which is ...

A debate over taxation has erupted after a recent podcast on VnExpress shared the story of a person who received VND80 ...

Wind-whipped embers fly over a home on Vinedo Avenue during the Eaton fire on Jan. 7, 2025, in Altadena. (Gina Ferazzi / Los ...

and total pay. We saw this in March 2021 and 2020, when the bonus payments pattern changed during the pandemic. Consequently, the direct seasonal adjustment method, which allows for evolving ...

Bonuses are taxed in one of two different ways, and depending on your financial situation, this trick can help you minimize taxes.