High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...

When you earn interest, your financial institution is essentially paying you to keep your money there. But that interest comes at a price. Generally, the IRS requires you to pay federal taxes on ...

A personal loan can help you pay outstanding taxes quickly, but be sure to consider an IRS repayment plan and other ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

Social Security beneficiaries may face taxes if they have additional income sources or due to the COLA increase. Here's how to determine if you're affected.

Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...

MILLIONS more people are set pay ... earn less than the personal allowance from wages and pensions, you get the starting rate for savings and the first £5,000 of interest on your savings is tax ...

Savers are more than forty times more likely to be liable to pay tax on their savings than they were just three years ago, ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

While buy-to-let investors used to pay tax on rental income “net of mortgage costs”, they can now only claim a 20pc tax credit on their mortgage interest payments, which has eaten into profits.

Republican lawmakers are floating a range of ideas to pay for an extension of President Trump's Tax Cuts and Jobs Act.