The IRS acknowledged it caused “confusion” when it mailed customers who owed income tax a notice that their debt was due within three weeks rather than in roughly four months.

T he new Income Tax Bill is likely to introduce the concept of ‘Tax Year’ for the taxpayers. The concept of the tax year will replace the current concept of financial year (or previous year ...

The confusion comes down to whether special payments from the state can be taxed by the federal government. ... If the IRS decides special payments do not fall under the federal income tax, ...

There seems to be great confusion among older workers about whether they’re still subject to Social Security payroll taxes once they reach a certain age or begin receiving retirement benefits ...

A draft report reveals Richmond's finance department wrote off over $3 million in business tax credits without notifying ...

The legislation, which passed with no Republican support, called for the corporate minimum tax to take effect in the 2023 tax year, meaning it will apply to corporate profits earned this year.

National News Elon Musk creates confusion about IRS’ Direct File — but the free tax program is still available While Musk’s tweet may have intimated that the group of workers had been ...

But despite these areas of confusion, keep in mind this one key rule: the taxability of your Social Security benefits depends on your income, not your age. Whether you're 62 or 82, the same rules ...