A tax cut reduces the amount of taxes paid by individuals or businesses, potentially increasing disposable...
Social Security tax is a federal payroll tax deducted from wages to fund the Social Security program,...
Gift tax is a federal tax applied to generous transfers of money or property above IRS exemptions. Understanding...
The federal estate tax is a tax levied on the transfer of property after death, applying only to estates...
Medicare tax is a federal payroll tax that funds the Medicare health insurance program for seniors and...
The Internal Revenue Service (IRS) is the U.S. federal agency responsible for tax collection and enforcement,...
Income tax is a mandatory tax levied on individuals' and entities' earnings by federal and state gov...
Navigating loans during a 1031 exchange requires understanding specific debt and financing rules. Properly...
Form 8689 is used to figure out how much of your federal income tax goes to the U.S. Virgin Islands if...
Form 5074 is used to determine how much of your individual income tax should go to Guam or the Commonwealth...