A consumption tax is a tax on the purchase of a good or service. A consumption tax is charged when consumers spend money,

The main difference between W-2 and 1099 workers is that a W-2 is a payroll employee and 1099 is a non-payroll worker. The

Buying health insurance coverage affects your taxes, as well as not buying it. Where you buy your health insurance can also make a

Are you doing taxes for the first time? There are a couple of different types of payroll taxes such as income taxes, unemployment

When you take a 401(k) distribution, you will have to pay taxes if you have a traditional 401(k). Ordinary income tax applies to

Identities can be stolen just about anywhere nowadays. Workplaces, nursing homes, local police stations, and hospitals are just some to name a few.

Tax evasion and tax avoidance are two distinct concepts with two very different consequences. While tax avoidance uses legal measures to reduce a

Filing taxes may be very overwhelming for new taxpayers, especially if they don’t know if they’re within the income threshold to be filing

You can either claim the standard deduction or the itemized deduction, but there’s no way you can do both. Itemized deductions are deductions

If you didn’t receive a third stimulus check or didn’t receive the entire amount, you may be able to make up the difference

Taxpayers are fidgety, consistently tracking their tax refund status through the IRS’ Where’s My Refund tool for their awaited tax returns. Although most

Anyone who’s a new taxpayer will eventually hear the terms gross and net income but have no idea how to tell the difference