As the clock ticks down to the end of 2025, the impending sunset of key provisions of the Tax Cuts and Jobs Act (“TCJA”) ...

Republicans need to stop floundering over procedural details and pass significant tax cuts by April or May to affect the 2025 economy. The path forward is straightforward: focus on growth-oriented ...

Taxpayers must be especially careful when filling out their returns, thoroughly checking the pre-filled information and ...

According to a 2024 Bankrate survey, 36% of US adults earn extra income through a side hustle. And with the growth of ...

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 ...

For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income ...

In this episode of PennyWise, host Nat Cardona teams up with tax expert John Kiernan, Managing Editor at WalletHub. John ...

Fortunately, the list of states that tax Social Security is shrinking, and only nine will do so in 2025. “The list of states that do not tax Social Security is much longer than those that do ...

Many parents with children under age 17 can claim the child tax credit worth up to $2,000 per child for tax year 2024. But that could change after 2025, affecting returns filed in 2027. That's ...

As a result, their 2024 standard deduction is $33,850: $29,200 + $1,550 + $1,550 + $1,550. For 2025 tax returns, assuming there are no changes to their marital or vision status, Jim and Susan’s ...

And now that the IRS updated the income tax brackets and the standard deduction for 2025, your paycheck might have a little more money included this year or your tax bill could decrease next year ...