Processing held” is a risk-based flag, not a notice. Taxpayers should review and correct discrepancies within the defined window to avoid delays and compliance ...

Learn why refund claims are being paused under a risk-based system and how timely reconciliation or revision can ensure smooth ...

Janu-worry is unamimously considered the longest month in the year, and it’s not an overstatement to say that South Africans spend January counting pennies or wishing that they did not have to ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

A person who lives in a nursing facility owns a 160-acre farm where the person’s spouse continues to live. One hundred acres of land are set aside in a Conservation Reserve Program (CRP). The couple’s ...

Federal income tax is a necessary evil, but residents in some parts of the country don't have to pay state income tax. In 32 states and Washington, D.C., residents are subject to a progressive income ...

U.S. federal income tax has progressive brackets ranging from 10% to 37%. Tax deductions and credits can significantly lower taxable income and tax owed. Understanding adjusted, taxable incomes, and ...

Looking for ways to make some extra money in the new year? We've compiled a list of different passive income ideas to spark inspiration, including investing, real estate and a few niche options, like ...

When the value of premiums paid by an employer for group life insurance becomes too great, it's treated as income for tax purposes. Imputed income is the term used to describe this excess value, which ...

A recent mistake in car tax data provided by the British government resulted in an overstatement of the consumer price inflation rate by 0.1 percentage points for the year leading to April, according ...