If you earn tips, work overtime, or are planning for your child’s future, your W-2 is about to look a little different – ...

A well-structured written information security plan is essential for complying with federal and state regulations, ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Think about filing your return electronically to take advantage of the step-by-step process online programs take you through.

Do you remember your very first tax return? If you filed that return before the World Wide Web arrived on the scene (1993), perhaps you talked with your parents or older siblings to learn what to do.

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

Joy Taylor: Yes. Taxpayers who itemize on Schedule A can deduct qualifying medical expenses to the extent that the total ...

The IRS has unveiled its annual inflation adjustments for the 2026 tax year, rolling out a long list of changes to deductions ...

Observer group says election credibility and transparency were compromised; report points to shutdowns, media bias, and altered results forms. A long-awaited Commonwealth Observer Group (COG) report ...

The federal government may shut down if Congress fails to pass a funding bill by midnight Tuesday. If that happens, federal ...

If you earn tips or overtime, the IRS just made your 2025 tax season a little more interesting. A new draft form, Schedule 1-A, lets you claim deductions on those earnings, along with car loan ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.