The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...
Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...
When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not ...
In 2022, Congress enacted the SECURE 2.0 Act (the “Act”) with the intent to expand coverage and increase retirement savings. This week ...
The $600 reporting threshold has become a flashpoint for anyone who earns money through side gigs, payment apps, or freelance work. I want to unpack how that old limit is being reshaped, what the new ...
Brex explains that most business credit card rewards are not taxable, treated as rebates. Only non-purchase rewards, like sign-up bonuses, are taxable.
The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors facing new federal requirements to report cash tips and qualified overtime ...
Millions of Social Security recipients automatically received COVID-19 stimulus payments through the IRS using SSA and RRB ...
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The Secure 2.0 Act of 2022 gave us the Roth catch-up mandate, a revenue raiser that has caused great consternation in the retirement plan community ...
There’s a tax-smart way to give to charity if you’re 70 ½ or older — one that reduces your taxable income while supporting ...
A required minimum distribution is money that must be taken out of a retirement savings plan. More specifically, RMDs are the minimum amounts that must come out of given retirement plan accounts each ...