The OASDI tax is deducted from an employee’s paycheck, and it’s factored into self-employment taxes. Find out how much you'll ...

Social Security is a cornerstone of retirement planning in the U.S., providing essential income for millions. However, not ...

Oklahoma Insurance Department Commissioner Glen Mulready said Oklahomans could see substantial increases in health insurance ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

The Educational Choice for Children Act of 2025 would ostensibly provide a tax break on charitable donations to organizations ...

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 ...

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

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

Making a last-minute contribution ... how much your tax bill will decline. For example, a worker who pays a 24% tax rate and contributes $6,500 to an IRA will pay $1,560 less in federal income ...

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 ...

This explainer looks at how Medicaid is funded jointly by the federal government and the states, the program’s spending, and ...

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, ...