Kelly Phillips Erb is a Forbes senior writer who covers tax. Author’s note: The standard deduction amounts, state and local tax (SALT) caps, and maximum amount of the child tax credit have been ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It ...

The IRS on Tuesday provided its annual inflation adjustments for over 60 tax provisions in tax year 2025, including increases in the standard deduction for married couples and single individuals.

The Internal Revenue Service provided the annual inflation adjustments for tax year 2024, including increases in the standard deduction and changes in tax brackets. Revenue Procedure 2023-34 spells ...

This note describes how most features of an income tax system (and to some extent social security and welfare) can be described as a combination of lumpsums and marginal tax rates and plotted in a ...

Short-term capital gains tax is a fee paid when you sell a capital asset after owning it for less than a year. Here's how to ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...