Understanding tax bonuses, credits, and deductions can help you maximize your refund. Learn how each affects your bottom line ...

The Earned Income Tax Credit will also increase in 2025. Taxpayers with three or more qualifying children can get a maximum $8,046 credit, up from $7,830 in 2024.

President Donald Trump’s “One Big Beautiful Bill” was recently signed into law and with it comes a wave of tax changes that ...

Due to adjustments for tax year 2024 — which apply to income tax returns filed in 2025 — your take-home pay may have gotten a bump. And now that the IRS updated the income tax brackets and the ...

While your income puts you in the 22 percent tax bracket — that’s your marginal tax rate — a majority of your income is actually taxed at much lower rates.

While tax rates have remained the same, ranging from 10% to 37% depending on an individual’s total taxable income, the IRS has announced new brackets with adjusted thresholds for tax year 2024.

It changes up income brackets so that most single filers would only pay 4.7% income tax on their first $47,500 of income, and 5.4% on income in excess of that amount.

Income tax New Income Tax Proposal Is Progressive and Unworkable Commerce Secretary Howard Lutnick says the Trump administration wants to eliminate income taxes for those making $150,000 or less ...