Income Taxes
Taxes levied on the earnings of companies and individuals are referred to as income taxes. Find current information about income taxes, federal and state tax rates and tax brackets.
Tax Basics
Latest Income Tax Articles
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Marginal tax rate: What it is and how to find yours
The marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The marginal [...]
5 min read Dec 18, 2024 -
State and local tax (SALT) deduction: What it is and how it works
The SALT deduction lets taxpayers deduct the money they spend on state and local taxes.
3 min read Dec 12, 2024 -
These 9 states have no income tax — that doesn’t always mean you’ll save money
These 9 states have no income tax, but before you move there, consider other potential costs.
6 min read Nov 26, 2024 -
Here’s what happens if you don’t file your taxes
If you don’t file your tax return, the consequences vary depending on whether you owe a tax bill or are expecting a tax refund.
4 min read Nov 20, 2024 -
4 year-end tax planning strategies to save money in 2024 and beyond
These four year-end tax strategies can help trim your taxes for 2024 and beyond.
4 min read Nov 19, 2024 -
When are taxes due? Tax deadlines for 2024-2025
The deadline for filing your taxes in 2024 was April 15, or Oct. 15 with an extension. But if you missed those deadlines, you can still file your tax return now. The deadlines for 2025 are April 15, or [...]
3 min read Nov 18, 2024 -
Lower taxes, higher tariffs: What Trump’s tax plans mean for you
Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.
3 min read Nov 07, 2024 -
Tax hikes or tax cuts? Here’s how Harris and Trump compare on taxes
If Congress does nothing next year, taxes could increase for millions of Americans.
7 min read Oct 30, 2024 -
How to avoid going broke in retirement
Here are six basic strategies to make sure your money lasts as long as you do.
4 min read Sep 26, 2024 -
Are my credit card rewards taxable?
Whether card rewards are taxable depends on whether they are a rebate on spending
6 min read Sep 16, 2024 -
Personal loans: Are they taxable income?
What to know about the tax impacts of personal loans
4 min read Feb 23, 2024 -
What is the property tax deduction?
The government subsidizes homeowners with this important tax break.
3 min read Sep 09, 2022 -
Missed the tax deadline? Here’s what you should do
If you haven’t filed your taxes yet, don’t panic — but act fast.
4 min read Apr 19, 2022 -
How to file for a tax extension with the IRS
Applying for more time to file your taxes is easy. Just don’t put off paying your tax bill.
3 min read Apr 15, 2022 -
Biden’s tax plan: Watch for these expanded breaks soon and possible hikes later
Biden may want to hold off on raising taxes as the economy recovers — for now.
7 min read Feb 15, 2021 -
5 ways your taxes could change if Biden is elected — and how taxpayers should prepare
The former vice president’s approach would be dramatically different from President Donald Trump’s.
7 min read Oct 01, 2020