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.

Question: I keep seeing references to modified adjusted gross income in stories about federal income tax breaks. What is modified adjusted gross income? Joy Taylor: The IRS and other federal agencies ...

Families with children could see significant financial relief in 2026, with potential IRS benefits reaching up to $8,231. This increase is largely due to recent adjustments in the Earned Income Tax ...

The Internal Revenue Service adjusts tax brackets higher to ensure that inflation doesn't accidentally push workers into higher brackets. President Donald Trump's large spending bill passed by ...

High-income residents of Democratic-leaning states are poised to get unusually large tax refunds early next year, thanks to the relaxed cap on state and local tax deductions. There are moves people ...

Your device does not support the audio. How to support grandkids now—smartly—with 529s, tuition payments, and Illinois/Missouri tax breaks while protecting your retirement and legacy. If you’re a ...