Estimate your 2025 federal refund or bill using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or the ...

The massive tax and spending cut bill that Congress passed Thursday ends federal tax incentives for electric vehicles. Buyers ...

The 2025 tax year, and the return due in 2026, will continue with these seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status and taxable income, including wages ...

Capital gains and losses are taxed differently from income like wages, interest or rents, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).

The Internal Revenue Service has released the federal income tax brackets for 2025. A key point for taxpayers is that the ...

For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of secured mortgage debt (or $1 million if you bought the home prior to Dec. 16, 2017).

While Treasury income is exempt from state taxes, corporate bond interest is fully taxable at both the state and federal level. For high-income earners, that can erode after-tax returns significantly.

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The personal income tax rate also applies to most federal non-refundable tax credits. While the tax cut will cost the federal government $64 billion, it will save $35.7 billion through a reduction in ...

The deadline for individuals to file their 2024 federal and state income tax returns is Tuesday. Extensions are available for those unable to file on time.

How would the 'no tax on tips' policy work? Put simply, the new bill would "make tip income exempt from federal income taxes," said The New York Times. Workers would still have to track and report ...