Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know
The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.
Missouri Republicans want income tax cuts. But services could be taxed instead under plan
Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to ...
Tax Filing 2024: When Will You Get Tax Refund?
The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...
Kentucky lawmakers advance bill to further lower income tax
The House Appropriations and Revenue Committee advanced House Bill 1, which will lower the individual income tax rate by ...
11 Tax Deductions You Can Take If You Have Rental Income
If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...
Income tax slab for AY 2025-26: Which is better, the old tax regime or the new tax regime?
Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favoring the new tax regime. The old regime, ...
Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that's expected to include action to ...
Number Of Flat And Zero Income Tax States Grows As 2025 Begins
The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...
Ask the Hammer: Is Social Security Income Tax-Free?
In a recent episode of "Ask the Hammer," financial expert Jeffrey Levine from Buckingham addressed a common concern among Social Security recipients: the potential need for tax withholding on their ...
New Year’s Income Tax Relief For North And South Carolinians
North and South Carolinians are among the relatively small subset of Americans who are poised to see both their state and ...
Canada's income tax thresholds have increased — here's how much you'll pay this year
Canadians' federal income tax bracket has changed slightly this year, according to the Canada Revenue Agency (CRA).