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

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

Every year, millions of American taxpayers must choose whether to take the standard deduction the Internal Revenue Service (IRS) offers or to claim itemized deductions to maximize tax savings.

There are other tax changes happening next year that could put more money in your paycheck. If you collect Social Security, ...

“When all the tax brackets go up, but your salary stays the same ... “taxable income,” which you calculate by subtracting the ...

The IRS released the 2025 standard deduction amounts you’ll use for your 2025 tax return. T hese amounts for each filing status are adjusted for inflation every year. So, the standard deduction ...

Federal income tax brackets have increased in 2025. And some employees may see an impact on their paychecks as a result. In October, the Internal Revenue Service announced that the 2025 federal income ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

Amid rising costs and squeezed disposable incomes, the spotlight is on the new tax regime, with experts pushing the demands ...

Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not ...