The Inflation Reduction Act imposed a 15-percent “alternative minimum tax” on large corporations in 2022. The idea was to keep big companies from using complex accounting tricks and IRS loopholes to ...

COLUMBUS – Ohioans who received unemployment benefits in 2020 won't have to pay income taxes on the first $10,200 they received. The change, in a bill signed by Gov. Mike DeWine Wednesday ...

The federal estate tax doesn’t apply unless you hit a certain exemption amount. The exemption amount for people who pass away in 2025 is $13.99 million (up from $13.6 million last year).

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...