Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making filing a tax return worth your time.

The Tax Policy Center finds that 85% of households will get a tax cut. Here’s how much your after-tax income will increase: for low, middle and high-income earners. After wading through meetings and ...

Nontaxable income is exactly what it sounds like: income that the IRS doesn’t consider taxable. It is excluded from your gross income/exempt from federal income tax by law. You generally don’t report ...

Earlier this month, Republicans approved a budget resolution that includes trillions of dollars in cuts to both taxes and government spending. Treasury Secretary Scott Bessent said on Tuesday that the ...

They may sound similar, but it’s critical to understand the difference between gross income and taxable income. While gross income encompasses all the money you earn from various sources throughout ...

Indiana Gov. Mike Braun on Wednesday signed a bill into law that could reduce Hoosiers’ state income taxes, but to do so would require state revenues to reach thresholds that haven’t been met in the ...

Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions. Whether ...