A tax wedge is the difference between before-tax and after-tax wages. It also refers to the market inefficiency that is created when a good is taxed.

Learn how the new 'No Tax on Tips' deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

In 2026, the IRS raises standard deductions to $16,100 for singles. Above-the-line deductions reduce taxable income directly.

A slew of new tax provisions went into effect in 2025, which could significantly change how much you'll get back.

Tax season is coming soon. Want to file federal taxes for free? IRS Direct File is gone, but there are other options. Know ...

From self-employment tax on your side hustle to surprise bills when debt gets forgiven, these seven tax obligations catch ...

Your paycheck could stretch further in 2026 as the IRS raised tax brackets and deductions under Trump’s “big beautiful bill." ...

A January tax deadline is approaching fast, and missing it can trigger penalties, even if you expect a refund later this year ...

The IRS requires quarterly estimated tax payments on income that is not automatically subject to federal withholding.

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.