Taxable income equals adjusted gross income (AGI) minus itemized or standard deductions. An additional deduction amount for an individual who is aged or blind is $1,550 in 2024 and $1,600 in 2025.

The Internal Revenue Service has unveiled the federal income tax brackets for 2025, which are adjusted for inflation. For filing taxes next year on 2024 income, the standard deduction will ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns.So whether you’re in a rush to get your refund or just wondering how long you can postpone ...

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns.So whether you’re in a rush to get your refund or just wondering how long you can postpone ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns.So whether you’re in a rush to get your refund or just wondering how long you can postpone ...

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle ...

2025 tax brackets include new income thresholds. Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits decrease your tax ...

President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.

Despite claims from President Trump and the Social Security Administration, the bill does not put an end to taxes on Social ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns.So whether you’re in a rush to get your refund or just wondering how long you can postpone ...