Since you haven't yet paid taxes on the interest income you report on your tax return, you'll owe money to the IRS if the taxes due outweigh the amount of taxes you paid throughout the tax year.

Editor: Mary Van Leuven The U.S. government imposes federal excise taxes that can affect a surprising variety of companies.

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

If you don't pay your taxes by April 15, interest and penalties begin to accrue immediately and continue until the balance is settled. ... a tax lien will stay on your credit report for seven years.

A question that most salaried taxpayers face is if they can claim both House Rent Allowance (HRA) and home loan interest ...

Run out of room in your tax-sheltered investment accounts? Here's how you can position the rest of your portfolio.

The second-quarter estimated tax deadline for 2025 is June 16, and making a payment could help you avoid “falling behind” on taxes, according to the IRS. Estimated tax payments are typically owed for ...

The Social Security trust fund is not a real asset but a paper entry of IOUs that the government must borrow to cover, ...

U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act ...

The GOP legislation that just narrowly passed the House is a perfect illustration of that. It delivers exorbitant tax benefits heavily skewed to rich people and corporations, and slashes the safety ...

Senate Republicans proposed a tax deduction for car loan interest. But it might exclude used-car buyers, tax experts said.

By Rusty Gloor, National Social Security Advisor at the AMAC Foundation, the non-profit arm of the Association of Mature ...