Federal income tax brackets have increased in 2025. And some employees may see an impact on their paychecks as a result. In October, the Internal Revenue Service announced that the 2025 federal income ...
Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...
There are other tax changes happening next year that could put more money in your paycheck. If you collect Social Security, you'll receive a 2.5% cost-of-living-adjustment in 2025. The Earned Income ...
The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...