Standard deduction A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before taxes apply to the rest.

The federal tax gap — money people and companies owe Uncle Sam but fail to pay on time — has climbed to historic highs: $696 ...

Voters in the village of Elida made their voices heard Tuesday at the polls. The proposed tax levy was rejected by the ...

But the premium payments are tax deductible. Income protection insurance pays a monthly benefit if you're unable to work due to illness or injury. Basically, it's a stand-in for your regular ...

Some states don't have income tax, while others make exemptions for retirement income. Most states don't tax Social Security benefits,and a few states tax 401(k) plans and IRA distributions but ...