The Latest Breaking News from Income Tax

Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” and “misdirection.”

What Is a 401(k) Account?A 401(k) is an employer-sponsored retirement-savings account into which a worker can divert some of their earnings from each paycheck on a pre-tax basis. In other words, an employee’s contributions to their 401(k) account come out of their paycheck but do not count toward ...

The libertarianish Colorado Democrat is devolving decision-making to parents and trying to lower the income tax to zero.

The proponents behind Californians Against Pandemics submitted 1.5 million signatures for a ballot initiative that would increase the income tax by 0.75% for individuals with income over $5 million for 10 years and dedicate 50% of funds to the California Institute for Pandemic Prevention, 25% to the Community Pandemic Response…

Keeping taxes low and easy to comply with should be the primary focus, writes Peter Dunne

On May 2, Reclaim Idaho, the campaign behind an initiative to increase the income tax rate for individuals with incomes above $250,000 and increase the corporate income tax rate, submitted over 95,269 signatures for verification. The required number of signatures is 64,945, which is equal to 6% of the registered…

New rules are not confined to gross total income alone

Using recent metro-area data from the U.S. Census Bureau and state-level data from the Federation of State Tax Administrators, NerdWallet’s list of the 10 best cities for freelancers includes places where housing and income taxes tended to be relatively more affordable, freelancer culture was vibrant and there were signs of…

You have several options when it comes to maximizing your savings and tax benefits in retirement.