Income brackets and the standard deduction will increase slightly for the 2026 tax year, the Internal Revenue Service announced Thursday. Tax brackets will rise by about 4% for lower-income ranges and ...

New federal tax changes for 2026 may affect what families may owe and the refunds they may receive. The IRS has released new updates on thresholds affecting families, including the child tax credit, ...

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...

The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. In the U.S., ...

The Earned Income Tax Credit (EITC) is a tax break designed to help those with low to moderate incomes. Its especially intended to benefit working parents who fall within those income ranges. The EITC ...

Business owners, high earners, and retirees alike: don't miss the opportunity to reduce your 2025 taxable income and employ other financial strategies before the end of the year. Year-end tax planning ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

This is a tax tutorial for gubernatorial candidates, for legislators who will report to work next year and for the Alaska public. Think of it as homework, with more than eight months to complete the ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

A key to maximizing a family’s after-tax investment income is to navigate the Kiddie Tax. Don’t make gifts of investment property to children or grandchildren without knowing the rules. The Kiddie Tax ...

Most US taxpayers will need to complete their income tax returns by April 15 or file a free tax extension for additional time. Peter is a writer and editor for the CNET How-To team. He has been ...