A little more than 7% of your paycheck goes to cover the social programs that Americans use when they become elderly or disabled, or for health care.

Access to a solo 401 (k) can be useful for some couples to do smart tax planning. Financial planner Robert Wang, based in Abington, Mass., has been helping a new client who is in the highest tax ...

Careful planning around LLC vs sole proprietor taxes and LLC vs corporation tax advantages can reduce your bill.

Marketplace shoppers are heading into a plan year where the bill can rise in two places at once: the premium insurers charge ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

Filing taxes is a daunting experience for many Americans, whether it's their first time or they've been doing it for decades. The digital age has made it a lot easier to download your tax documents ...

The self-employed look set to be left worse off after the Budget if chancellor Rachel Reeves goes ahead with plans to increase income tax and reduce employees’ National Insurance by the same amount – ...

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

The Tax Court, consistent with past cases, applied a functional analysis of a limited partnership’s individual partners’ roles and responsibilities to find they could not apply Sec. 1402(a)(13)’s ...

If you’re self-employed or earn certain types of income, there’s a good chance you’ll need to pay estimated taxes — and your next payment is due soon. There are four due dates for estimated tax ...

Lots of wage earners only file tax returns once a year. But small business owners, including the self-employed, have additional taxes to worry about–and possibly year round. While many wage earners ...