These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

The tax brackets you fall into determine much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority ...

The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.

April 15, 2025, is the filing deadline for federal taxes. That's on a Tuesday this year. If you fail to file or pay your federal tax return on time, the standard penalty is a whopping 5% of any tax ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local tax payments.

President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP ...

Extending the tax law that’s set to expire would add $4.6 trillion to the national debt — so some GOP lawmakers want to ...