You can take steps to decrease future IRMAA payments by lowering your taxable income below the limits set by Medicare. For example, switching from an IRA to a Roth IRA while you're still working means ...

While the portion of our FICA taxes that cover payments into the Social Security system are levied only on the first $118,599 in earnings for 2016, the Medicare tax is levied on every penny you earn.

When it comes to Medicare, understanding how your wages and tips are reported is essential for ensuring that you're paying the correct amount toward your future Medicare benefits.

President Donald Trump has pledged to end taxes on overtime pay, as well as other things like tips and Social Security.

Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s pick for Treasury secretary.

Taxes can be a killer for entrepreneurs. Fortunately, deductions are a great way to reduce tax liability. But how do you know ...