Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Bonuses can be an excellent tool to incentivize and ...

When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...

Compare what you paid in sales tax to your state and local taxes. Deduct the larger of the two. But there's a catch. Many, or all, of the products featured on this page are from our advertising ...