Imagine being retired and having to adjust to living on a fixed income. It may not be the easiest thing to go from a steady ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

Here's a quick explainer on how tax breaks work, five different deductions the IRS offers for parents and what to know about ...

JEFFERSON CITY, Mo. (KCTV) - Lawmakers in Missouri are taking a break as we reach the official halfway point of the ...

When it's time to file your tax return, you'll need to report any interest you've earned on your CD over the tax year. You'll ...

Saving money for retirement in a 401(k) or IRA comes with some big tax advantages. Any money you contribute to the account is ...

Virtually all economists, citing years of data and analysis, characterize tariffs as tax hikes rather than tax cuts.

By Brad Rhodes Tax deferral is a strategy in which you delay paying taxes on income until a later date. This can be achieved through investment in certain tax-deferred accounts. Your investment ...

The president’s plans for steeper import taxes remain fluid, but he promises they’ll take hold after temporary delays.

The federal government can tax up to 85% of your Social Security benefits if your provisional income -- adjusted gross income ...

The chaos at the Internal Revenue Service began almost immediately after the first envoy from the Department of Government ...

As taxpayers begin to file their returns, the IRS has shared its annual "Dirty Dozen" list of scams and schemes that could ...