Many retirees are unaware that Social Security benefits are indeed subject to taxation -- at least if your earnings are above ...

IRS penalties for unpaid tax debts can be daunting. With penalties reaching up to 5% per month, capped at 25%, and interest ...

People are being warned they could face an unexpected tax bill from HMRC as the taxman ramps up efforts to collect cash ...

President Donald Trump has floated the idea of eliminating individual income taxes. At a conference earlier this year, he ...

Adjusted Gross Income (AGI) + tax exempt bond interest + ½ Social Security benefit ... However, after running the numbers and seeing how much their provisional income would increase as a ...

It calls for more tax cuts and fewer reductions in spending. It would increase the federal debt by a lot more.

Having financial flexibility in retirement — especially in being able to maximize your spending while minimizing your taxes — is an optimal situation.

Student loan repayment thresholds are rising in the 2025-2026 tax year, resulting in slightly lower monthly repayments for some graduates. However, interest rates remain high, mea ...

Independent contractors can lower their tax bill by writing off business costs like travel and insurance but should consult a ...

This could include interest earned from bank and building society accounts, savings and credit union accounts, unit trusts, investment trusts and open-ended investment companies, and peer-to-peer ...

MoneyMagpie Editor and financial expert Vicky Parry warns readers to make sure they act now to maximise profit at the start of the new tax year ...

The new tax year is a key time to check your payslip and make sure you are on the right tax code so you're not paying too much tax - or paying too little (in which case you'll have to repay it). It ...