NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

New Jersey lawmakers advanced a measure that would bring the New Jersey Gross Income Tax into closer conformity with federal ...

After pleading guilty to tax fraud in November, a local roofer and his payroll administrator are going to prison, with their sentences handed down Monday by a federal judge. They will also have to pay ...

Congressmember Andrew Clyde (R-GA) has joined as a sponsor to federal legislation that would prevent marijuana businesses ...

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...

outsourcing payroll ensures professional management of payroll taxes , deductions, and employee benefits, eliminating the need for extensive internal expertise. This allows business owners to ...

The Budget has also raised the dividend tax deduction threshold limit from Rs 5,000 to Rs 10,000. Starting April 1, 2025, the new limit will allow equities and MF investors to keep more money in their ...

Home office deductions Small-business owners may be able to claim home office tax deductions if they work from home. However, this deduction can come with complications. "Especially with today's ...

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income. Brackets may change. The standard deduction could fall.

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less.

But navigating the tax payment process can be a bit more complex when you work for yourself, so understanding potential credits and deductions is important. One of these is the qualified business ...