Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

The new income tax regime’s revised tax slabs introduce rates ranging from 5% to 30%, with incremental increases across ...

Once Jeremy does find a job he can stick with, he’ll learn that it’s also hard for employees to get much in the way of tax deductions. Still, there are things they can do before year-end to save tax.

Companies required to use “box 11” of Form W-2 in 2023 to report either payments of nonqualified deferred compensation ...

In the vibrant world of social media, influencers are redefining entrepreneurship. Platforms like TikTok have given rise to a ...

Enabling this, CBDT notified the amendments and the new Form 12BAA, last month. The new form enables an employee to offset ...

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in ...

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock. What Is an Employee Stock Ownership Plan ...

Donald Trump and Kamala Harris back no-tax-on-tips policy, but in an election where the economy is the No. 1 issue, ...

In 2023, only 14% of employees maxed out their workplans ... after a cost-of-living adjustment, the IRS said. Don't put all eggs in one basket:Focusing only on your 401(k) or IRA?

One company has just started allowing it. The Internal Revenue Service (IRS) ruled that employees at an unnamed company can designate a portion of their employer match to student debt repayments ...

When you have business income, one retirement account option is a simplified employee pension or SEP. The investment vehicle ...