Does the tax on your year-end bonus check seem high? Here’s why
Jgi/tom Grill | Tetra Images | Getty Images Does your year-end bonus look smaller than expected? Tax withholding is a likely culprit, but Uncle Sam may pay some back when…
IRS rejects 20,000 tax refund claims for employee retention credit
IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia. Alex Wong | Getty Images The IRS is sending more than 20,000 rejection letters…
House lawmakers scrutinize pandemic-era employee retention tax credit
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers,…
Tax credits vs. tax deductions: How they differ
D3sign | Moment | Getty Images It’s tax season, and Americans are confronted by a lot of tax jargon when preparing their returns. Two types of tax breaks stand out…
5 things to know as filing season opens
Damircudic | E+ | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here, and tune…