New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

Are personal loans taxable? Find out how the IRS treats personal loans and when you might need to report them on your taxes ...

Form 16 is like a report card from your employer about your salary. It doesn’t account for any financial activity outside that employer-employee relationship. Failing to report additional income or ...

However, the auto loan interest deduction starts to lose value when a taxpayer's annual income exceeds $100,000. The threshold is $200,000 in the case of a joint tax return filed by married couples.

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.

Trump and Republicans’ bill would add $3 trillion to the national debt over 10 years, according to the nonpartisan Congressional Budget Office.