W-2 forms are starting to arrive in mailboxes and inboxes. Here's why you need that form for the 2025 tax season.

If you sold investments for a profit in 2024, you could be facing a tax bill unless you sold other investments at a loss to offset that profit. In either case, just how much of your investment ...

Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on certain ...

Corman Federal Building encouraging motorist to express their anger at the Internal Revenue Service (IRS) on their final day to file 2005 income taxes on April 17, 2006 in Van Nuys, California.

India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax ...

Income taxes will increase for most taxpayers in 2026 unless Congress extends the Tax Cuts and Jobs Act. Congress may face pressure to add additional tax cuts proposed on the campaign trail ...

Use our federal income tax calculator to estimate your liability for tax year 2024. Input your income, deductions, and other ...

"Individuals are always looking for a return on principal, and so tax-exempt interest is a very appealing item to individuals, especially those who live in zero-income-tax states," says Danny ...

Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...

WASHINGTON—A new proposal in Congress attempts to put meat on one of President-elect Donald Trump’s campaign-trail tax promises, detailing how the U.S. could remove income taxes on Americans ...

That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...

NEW DELHI, Dec 26 (Reuters) - India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class ...