There are limits as to how much you can contribute and for income thresholds for individual retirement accounts. For 2024 and 2025, you can contribute $7,000.

When defining wealth, most people think of big paychecks and high incomes. However, an article published on IRS.gov, "Over ...

When you file your 2024 and 2025 taxes, the IRS says they've increased your standard deductions to bring some inflation ...

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying ...

Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect your 2025 income taxes.

Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.

Congress should scrap itemized deductions and enact a flat personal and corporate rate of 15%.

The IRS adjusts tax brackets for inflation annually to stop taxpayers being pushed into a higher income tax bracket without an increase in real income. There are seven income brackets that earners can ...

About 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.

The IRS doesn’t write the tax code. That’s the job of Congress, which has consistently made matters worse. A good example is ...