For the 2014 tax year, the last year for which complete data is available from the IRS (downloads as a pdf), 4,278,000 taxpayers were subject to the AMT, paying a combined $28.6 billion in tax.

President Donald Trump’s major budget bill, also known as the “Big Beautiful Bill” narrowly passed in the Senate, bringing it ...

Gas prices at the pump took one crazy trip in 2022 – and it's going to add another layer of complexity for those who claim mileage deductions on their 2022 tax returns.. What exactly is the ...

The payroll tax: Romney would allow the 2010 payroll tax cut to expire in January. He’d repeal the additional 0.9 percent Medicare tax on high-income workers that is due to take effect next year.

Tax season 2023: What exactly is the mileage rate? It's not just 1 number. Susan Tompor. Detroit Free Press. Gas prices at the pump took one crazy trip in 2022 — and it's going to add another ...

For joint filers, up to $32,000 is tax-free, $32,000 to $44,000 may see up to 50% taxed, and above $44,000, up to 85% may be taxed. Married individuals filing separately face different rules ...

Diners in Minneapolis must pay a 3 percent meals tax in addition to a 7.775 percent sales tax for a grand total of 10.775 percent on a meal, making it one of the highest rates in the nation.

Readers wanted to know what exactly the "One Big Beautiful Bill" is, ... The bill extends many provisions of the 2017 Tax Cuts and Jobs Act that were set to expire at the end of the year.

In 2017, the Tax Cuts and Jobs Act overhauled federal tax code, capping the SALT deduction at $10,000 per year for "property taxes plus state income or sales taxes." Most of the changes made in ...

So, what exactly is one-time forgiveness from the IRS, ... While it's not a get-out-of-jail-free card for all tax problems, it can provide meaningful financial relief when used appropriately.

What exactly are the requirements for IRS tax forgiveness? And what other options are available for resolving your tax debt? Below, we'll detail what you need to know.