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Revenue service of the United States federal government
For tax year 2025 the IRS treated reporting of “qualified overtime compensation” as a transition issue: employers are encouraged to provide the overtime premium to employees (for example in Box 14 of ...
The IRS set the 2025 individual estimated tax schedule largely on the standard 15th-day pattern: payments for tax year 2025 were due April 15, June 16, September 15 and January 15, 2026 (with the June...
Employers who put a “qualified overtime” amount in Box 14 of the 2025 Form W-2 are furnishing the separate accounting the IRS says employees may rely on to claim the new overtime deduction; taxpayers ...
For 2026 ACA eligibility and employer affordability calculations, sources show (a) premium tax credit/subsidy eligibility will again be tied to the federal poverty level (FPL) bands (generally 100%–40...
Yes — beginning with the 2025 tax year, most taxpayers who do not itemize will not be able to deduct charitable gifts on Schedule A, but the One Big Beautiful Bill Act (OBBBA) creates a new above‑the‑...
The IRS updated static mortality tables used for defined‑benefit pension funding for valuation dates in 2026 via Notice 2025‑40, but the life‑expectancy/divisor tables used to compute individual IRA a...
For 2026 Social Security payments, recipients may still owe federal income tax on a portion of their benefits depending on “combined income”: up to 85% of benefits can be taxed under current federal r...
There is no single, authoritative federal “social security stimulus check” confirmed for December 2025 in the available reporting; however, beneficiaries of Social Security programs will see routine a...
The federal individual income tax system for 2025 uses seven marginal rates: 10%, 12%, 22%, 24%, 32%, 35% and 37%; inflation adjustments shifted most bracket thresholds roughly 2.8% from 2024 and the ...
California does not tax winnings from the California State Lottery, so state tax on in-state lottery prizes is zero; winners still must report the prize as federal taxable income and face IRS withhold...
For 2026 RMD calculations, IRS Publication 590‑B and related guidance say three tables govern different situations: Table III (Uniform Lifetime) is the default for IRA owners and retirement-plan parti...
The IRS safe harbor for estimated taxes lets taxpayers avoid underpayment penalties if they pay either (a) at least 90% of the current year’s tax or (b) 100% of last year’s tax — or 110% of last year’...
There is no approved, universal federal “stimulus check” scheduled for December 2025; current reporting and official IRS pages show prior Economic Impact Payments are closed and any new $2,000 “tariff...
For the 2025 coverage year, people must generally have household income at or above 100% of the federal poverty level (FPL) to qualify for the ACA premium tax credit; the temporary expansion that remo...
Donald Trump repeatedly proposed in 2024 and pressed the idea through 2025 that tariff revenue could be used to eliminate or sharply reduce federal income taxes and that the Internal Revenue Service c...
The Social Security taxable wage base for 2025 is $176,100; at the 6.2% employee rate that produces a maximum employee withholding of $10,918.20 (employers pay the same), so total possible withholding...
Public reporting shows claims that "Biden hired an additional 89,000 agents" stem from a 2021 Treasury estimate that roughly 86,852 additional IRS staff could be hired over ten years if roughly $78–$8...
For 2026 the Social Security payroll tax applies to earnings up to a wage base of $184,500; the employee OASDI rate is 6.2% (combined OASDI+Medicare is 7.65%) . Whether and how much of a retiree’s Soc...
Repayment rules for excess advance premium tax credits (APTCs) changed for tax years beginning after Dec. 31, 2025: under the 2025 budget reconciliation law, the dollar caps that limited how much peop...
The IRS announced that certain proposed RMD regulation changes tied to SECURE 2.0 will not apply earlier than the 2026 distribution calendar year (i.e., January 1, 2026), delaying portions of the July...