As tax season unfolds in the United States, married couples have a strategic choice to make: filing jointly. This option not ...

Whether or not you are required to file a federal income tax return this year depends on how much you earned, source of the ...

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal ...

Here’s why researchers argue the government must act if anything is to change — plus what other breaks families can count on ...

Tax season opened on January 27, meaning taxpayers can now file and pay their tax returns with the Internal Revenue Service.

Contributing to an IRA is a smart move for retirement savings, but if you accidentally put in more than the IRS allows, you ...

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

The IRS says it's eliminating 6,000 jobs, mostly new hires with a large concentration in enforcement. So what does this mean ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Tax Rate Single Married filing jointly Married filing separately Head of household 10% $11,600 or less $23,200 or less $11,600 or less $16,550 or less 12% $11,601 to $47,150 $23,201 to $94,300 $ ...

A factor in the policy argument is that the bulk of repeal benefits would flow to higher-income taxpayers and reduce revenue to the federal treasury.

New York is one of twelve states that has a separate estate tax. New York’s estate tax exemption is lower than the federal ...