Employers use W-2 forms to report the income withheld for Federal Insurance Contributions Act (FICA) taxes and income taxes. By the end of January, employers must file Form W-2 with the SSA ...

If you’re preparing your taxes, you'll file federal income tax Form 1040. Because tax laws change often, Form 1040 might have subtle differences from year to year. Form 1040 is the main form ...

Republicans are poised to permanently cap how much of the taxes paid to state and local governments can be written off on ...

A tax write-off is a tax deduction that helps lower your federal income tax ... You can follow the instructions on Form 7206 to calculate your deduction or consult a tax professional.

While federal tax deductions remain consistent nationwide, state-level tax write-offs can impact what you pay in taxes. If you itemize rather than take the standard deduction — $14,600 for ...

The Republican delegation is divided over a proposal to partially restore SALT tax deductions for property owners.