Tax

On the joint 2019 return filed by Biden and his wife, Dr. Jill Biden, the couple paid almost $300,000 in federal taxes on approximately $985,000 of adjusted gross income (AGI), resulting in a relatively high effective tax rate of 29.5%.

On Wednesday, the Internal Revenue Service issued the following statement with regard to the New York Times report on President Donald Trump's taxes.

The top Republican on the House Ways and Means Committee and the top Republican on the Oversight Subcommittee sent letters to the IRS and the DOJ asking them to launch investigations into the unauthorized disclosure of the President’s tax information.

The IRS streamlined the “Closing a Business” page into simple steps, so business owners and self-employed individuals can quickly find the information they need.

According to documents released by Biden’s campaign Tuesday, the former vice president and his wife, Jill, got a refund of $46,858 after paying $346,204 in income taxes. He reported a taxable income of $944,737, paying 31.7% of it in taxes

The U.S. Department of the Treasury and the Internal Revenue Service have issued final regulations updating the federal income tax withholding rules for certain periodic retirement and annuity payments made after Dec. 31, 2020.

Here is how to start your kids understanding the tax burden at a very early age. It is Tim's classic Halloween Tax bit, a version that was edited specifically for the Turbo Tax /Tax Laugh contest.

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The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) and the top Republican on the Oversight Subcommittee Mike Kelly (R-PA) sent letters to the Internal Revenue Service and the Department of Justice asking them to investigate ...