Instead of being fiscal scolds and rejecting the renewal of Trump’s 2017 tax cuts, the party ought to limit them to middle-and-working-class Americans. The Washington Monthly is an independent voice, ...

Shaquille O'Neal once exhausted a $1 million paycheck in a single day, oblivious to the fact that a portion of his earnings ...

This is the third part of a series covering certain securities law, corporate governance, and tax considerations related to stock options ...

The Educational Choice for Children Act of 2025 would provide donors to nonprofit groups that distribute private K-12 school vouchers with a dollar-for-dollar federal tax credit in exchange for their ...

A fierce tax debate is already underway in Congress, and the stakes are high for hardworking families. Lawmakers are debating ...

Not only do you save federal and state taxes on contributions but you also save FICA [Federal Insurance Contributions Act] taxes and the max limit for a family HSA in 2024 is $8,300,” says ...

GOBankingRates also found the Federal Insurance Contributions Act tax with its rate sourced from the Social Security Administration. Here’s a look at how much you really take home from a $ ...

That’s because FICA taxes (which stands for the Federal Insurance Contributions Act, or payroll tax) are earmarked to fund Social Security. Here’s how the accounting works: “Right now ...

Nicholas Mirkay, Associate Dean for Academic Affairs and Professor of Law at the William S. Richardson School of Law, joins ...

Payroll taxes are generally defined as the amounts labeled FICA and MEDFICA on a pay stub. FICA translates as the Federal Insurance Contributions Act ... If your employer doesn't withhold payroll ...

Net income is the total amount received after taxes, benefits, and voluntary contributions ... Lincoln imposed the first federal income tax by signing the Revenue Act on Aug. 5, 1861.