Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would from an employer. Instead, you’ll get a 1099 form.

Working extra hours has always meant paying the same taxes on overtime as on regular wages, but a new law signed in July 2025 under President Donald Trump has changed how some overtime pay is treated for federal income tax for this tax filing season.

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand. Although you can choose to convert to a limited liability ...

Reps. Diane Black (R-Tenn.) and Patrick Meehan (R-Pa.) have asked the Internal Revenue Service to provide an explanation of how it will protect taxpayer data against fraud and abuse as it administers premium tax credits under the Patient Protection and ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). manusapon kasosod / Getty ...

The deadline to file federal taxes is here, and missing it could mean penalties. Tax season, which began in January, is wrapping up. Filers who need more time can request a six-month extension which pushes the filing deadline until Oct. 15, 2026, but the ...

Tax season has officially begun, and while IRS-related scams always abound, the agency is encouraging consumers to do their due diligence when it comes time to choose a tax preparer this year. “Most tax return preparers provide honest, high-quality ...

Today, congressional Republicans are pushing tax reform proposals that would cost the country over $5 trillion and would likely widen the racial wealth gap and slow economic growth.1Economic hardship plagues millions of hardworking families who face ...