The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

As you file federal taxes, deductions and credits can help lower your tax bill — but they do so differently. Deductions reduce your taxable income by allowing you to subtract certain expenses ...

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...

While campaigning for the presidency, Donald Trump suggested abolishing the United States income tax in favor of an “all tariff policy.” Despite the fact that many economists and policy ...

but it only affects federal income taxes. Although some states adopted similar measures for state income taxes, not all followed suit. As of 2025, five states tax the discharged amount of forgiven ...