Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could ...

As the One Big Beautiful Bill Act (OBBBA) faces a critical test in the Senate, opponents are pointing to a Congressional ...

What would the No Tax on Tips Act do? The bill would establish a new federal income tax deduction for cash tips up to a maximum amount of $25,000 per tax year, according to the legislation.. Cash ...

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain ...

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in ...