The tax code currently has seven income-tax brackets for individuals that range from 10% to 37%. The 10% rate takes effect at the first dollar of taxable income, after benefits such as the standard ...

Each year, the IRS adjusts federal income brackets and thresholds, and capital gains taxes are no exception. Whether you hold ...

States collected nearly $455 billion in total income tax revenue in fiscal 2021—an astounding 14.7% increase over the prior year. That’s according to the latest report from the National Association of ...

More than a million Americans are yet to file their 2021 return and get their share of $1 billion in unpaid tax refunds, but the IRS (Internal Revenue Service) has warned that the deadline is fast ...

It's the last week of the year, which means it's your last chance to save big on taxes. By donating to charities or changing your investments, you could save thousands in tax liability. If your hard ...

WASHINGTON, April 15 (Reuters) - President Joe Biden and his wife Jill released their federal tax returns on Friday, showing the couple earned more than $600,000 last year and paid an effective ...

President Joe Biden and his wife, Jill, earned $610,702 during their first year in the White House and paid $150,439 in federal income taxes. That was a tax rate of 24.6% for 2021, well over the ...

MINNEAPOLIS (WCCO) -- Tax season begins officially for Minnesotans prepping their state income tax returns. Monday is when taxpayers can start filing for both state and federal income taxes for the ...