Even though you only have to file a federal income tax return once per year, you generally must make tax payments to the IRS ...

Whether you work as a salaried employee or receive income from a pension, commission or other sources, understanding how much tax should be withheld from your earnings is crucial. Withholding too ...

Ever look at your paycheck and wonder why the amount you actually take home is a lot less than you’ve earned? That’s where withholding tax comes in. Withholding tax is money your employer sends ...

Even if you withhold taxes on your retirement benefits, you might be surprised by an IRS estimated tax penalty at year-end. That’s because income sources like capital gains, dividends, and interest ...

The jackpot for Wednesday's Powerball drawing is $930 million. However, the windfall would significantly shrink after taxes.