Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

This is the big one. April 15 is the deadline to file your federal income tax return for 2024 unless you request an extension ...

You’re also responsible for self-employment taxes, which pay for both the employee and employer’s share of Social Security and Medicare taxes, on top of federal income taxes and any applicable ...

From federal income tax to Washington state’s property and capital gains taxes, here’s a guide to procedures and deadlines ...

Learn what happens if you don't file your taxes. Discover the consequences, penalties, and how to address unfiled tax returns ...

Taxpayer was liable for self-employment tax on income reported as “other income” and an accuracy-related penalty, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, ...

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

If you are selling items online as a small business owner, you may end up having to pay taxes on the amount you earn. But ...