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.

Protecting yourself from identity theft, VITA program, Form W-9, presidential campaign tax proposals, green card status and ...

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 ...

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

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 ...