ROYALTIES are generally considered passive income. Thus, royalties earned by an individual citizen or domestic corporation are generally subject to a 20-percent final withholding tax. The rate is ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

A policy under the Biden administration provided relief to beneficiaries, who often live on the fringe of poverty, capping ...

The Social Security Administration said it is backing off a plan to withhold 100% of many beneficiaries’ payments.

In March 2024, O’Malley said the agency would stop “ that clawback cruelty ” of intercepting 100% of a beneficiary’s monthly ...

The investigations by the Government Accountability Office come as the White House looks to expand its power over the federal ...

One of the most important decisions anyone can make is how to handle retirement income before and after you call it quits.

Tax proposals out of the Legislature are moving fast and changing quickly as Sunday's deadline nears. Here's the latest on ...

“No one should get preferential treatment.” But Polletta said he thinks withholding driver’s licenses for tax reasons only will make it harder for many households to pay what they ow ...

The Prince William Board of County Supervisors on Tuesday all but finalized a tax increase on data centers and homeowners, per the board’s advertised rates. The board is slated to formally ...

is urging taxpayers to review their tax withholding to avoid unexpected tax bills or penalties when filing next year. Tax withholding refers to the amount of federal income tax withheld from your ...

The IRS Tax Withholding Estimator, available for free at IRS.gov, helps taxpayers determine if they’re having the right amount of federal income tax withheld from their paychecks.