New tax brackets and standard deductions are now in effect, which will slightly boost paychecks and lower income tax for many ...

SmartAsset ranked states based on the minimum pre-tax income needed to be considered a top 1% earner, based on the latest IRS ...

Since the due date for your 2024 federal income tax return is still months away, it might seem odd to start thinking about ...

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 ...

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

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

Consider it tax-free income that you keep before taxes apply to the rest. Itemized deductions IRS-allowed expenses that can directly reduce your taxable income. Consider this if your individual ...

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

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

Simple Form 1040 returns only (no schedules except for Earned Income ... tax pro is available for a fee. Cedar Rapids, Iowa-based TaxAct is a member of the Free File Alliance, a partnership with ...

The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.