Commerce secretary said President Trump wants to revamp the tax system, drop income taxes for people making less than $150K. How would that affect MS residents?

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

The IRS said the average refund amount has increased by 7.5% this year, going from $3,213 in 2024 to $3,453 so far in 2025.

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for ...

There is a lot to know when it comes to filing taxes. Our complete guide for the 2024 tax year (filing in 2025) should help.

In line with the triple lock, the State Pension will rise by 4.1 per cent – up £472 a year – matching wage growth in 2024.

The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to account for inflation. The tax brackets, which reflect a 2.8% inflation ...

There are two capital gains tax rates, reflecting the two types of ... Those thresholds are: $200,000 for single filers and head of household $250,000 for married couples filing jointly $125,000 ...

For example, a single filer earning $75,000 in 2024 (filing in 2025) can claim ... lowering their overall tax bill. Standard Deduction: Single, Married and Head of Household The size of your ...

The tax brackets you fall into determine how much ... Tax Rate Single Married filing jointly Married filing separately Head of household 10% $11,600 or less $23,200 or less $11,600 or less $ ...

Still waiting on your 2025 tax refund? Internal Revenue Service layoffs could cause delays. More than 6,000 IRS employees are expected to be laid off as Tax Day approaches in just 50 days ...

The federal income tax brackets are increasing by 2.7 per cent to account for inflation. That comes after a 4.7 per cent increase in 2024. For 2025, federal tax is 15 per cent for earnings up to $ ...