In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Whether you work as a salaried employee or receive income from a pension, commission or other sources, understanding how much tax should be withheld from your earnings is crucial. Withholding too ...

Taxes are just a part of life, we all have to pay them. If you work, whether part-time, full-time or as a contractor, it doesn’t make a difference: You’re going to have to pay up. It’s only February, ...

Federal withholding tax, or tax withholdings, is a set amount of money withheld by your employer and paid directly to the government. If you’re traditionally employed in the United States, you pay ...

New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may ...

A new tool from the IRS helps retirees quickly and easily figure out the right amount of tax to be taken out of their pension payments. IRS.gov recently launched a new Tax Withholding Estimator which ...

There are some scenarios in which Social Security benefits are taxed. If Social Security payments were your only income for the year, then you will not be taxed by the IRS. However, if you have ...