Long-term capital gains tax is applied to investments that have been held for over a year before being sold for a profit.

Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

With inflation adjustments, expanded credits, and several changes tied to the One Big Beautiful Bill (OBBB), taxpayers may ...

Treasury Secretary Scott Bessent said that American households could receive substantial $1,000-$2,000 tax refunds in early ...

White House Press Secretary Karoline Leavitt told reporters that the upcoming tax refund season is "projected to be the ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

States must now decide whether to participate, with their decisions determining the federal credit’s availability to ...

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.

The IRS has unveiled a new tax credit under the One Big Beautiful Bill Act to encourage donations to K–12 scholarship ...