Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

Crucially, those already on a 10% withholding plan will not be affected by the new 100% withholding rate. However tax refund ...

South Carolinians would keep more money in their paychecks, but get a smaller refund when they file their taxes in 2027.

Monday’s Powerball drawing will be for $461 million, with the jackpot going up after no winner was chosen Saturday ...

Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading ...

While campaigning for the presidency, Donald Trump suggested abolishing the United States income tax in favor of an “all tariff policy.” Despite the fact that many economists and policy ...

Gov. Tate Reeves plans to sign a major tax reform package that passed with blatant errors in it. The errors would speed up income tax elimination.