WAHINGTON (7News) — The 2024 tax filing season is fast approaching. The Internal Revenue Service (IRS) will start taking ...

As the 2025 tax season kicks off on January 21, millions of Americans will begin filing their returns. This year, the IRS has ...

Understanding how federal income tax brackets work is key for effective financial planning, especially as you navigate your income, tax credits and deductions, and potential tax strategies.

The IRS has released the 2025 long-term capital gains income thresholds. These represent an increase of about 2.8% from 2024 levels, which aligns with the inflation-adjusted tax brackets for 2025.

There are seven income tax rates, ranging from 10% to 37%. To prepare for tax season, find out what federal income tax bracket(s) you're in, how tax rates work and what you can do to cut your tax ...

President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., ...

The IRS, however, has significantly reduced the child and dependent care credit cap this year. It dropped from a maximum of $8,000 in tax year 2021 to a maximum of $2,100 in 2022. “It’s also ...

The IRS classifies digital assets as property, and transactions involving them are taxable by law. Capital gains taxes apply to cryptocurrency sales. Cryptocurrency income is taxed based on its ...