Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

The IRS has unveiled the 2026 tax brackets, introducing significant changes under the One Broad-Based Bill (OBBB). These ...

Workers can save up to $24,500 next year in their 401 (k)s, as well as other tax-deferred accounts, including 403 (b), 457 plans and the federal government's Thrift Savings Plan, the IRS said Thursday ...

One of the biggest tax decisions that a couple can make is whether to take the standard deduction or itemize. The standard ...

Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.

As it does each year, the IRS has announced inflation adjustments to several tax credit and deduction amounts for 2026. This includes new 2026 income tax bracket thresholds, higher standard deduction ...

People understandably gripe about the complexities of the federal income tax laws. Filling out your tax return is not as easy as writing a couple of numbers on a postcard and sending it to the IRS.

Have you heard about the 2025 tax and spending megabill that President Donald Trump signed into law on July 4? This new law (Public Law 119-21 and referred to by Trump as the “big, beautiful bill”) ...

The IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger credits for families, adoptions, and employer-provided childcare. The top ...

The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. In the U.S., ...