Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...

For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income, ...

The Internal Revenue Service's decision to haul a sitting Republican senator into court over a multimillion dollar tax bill has now ended in a costly surrender, but not a clean slate. Sen. Jim Justice ...

Every year, as the tax deadline approaches, millions of Americans scramble to gather their financial documents, hoping to submit their returns on time. For some, the process is straightforward, but ...