Tax News
The latest tax news and expert analysis from Bankrate's award-winning editorial team.
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The average tax refund so far in 2025 is $2,939, up just $70 from the average refund this time last year. Here’s how tax refunds work.

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Wondering what your state tax rates are? Click on your state to find state income tax rates, sales tax rates and more.

The W-4 form determines how much in taxes is withheld from your paychecks, which in turn helps you manage your tax refund, or tax bill.
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The Senate passed its version of the “big, beautiful” tax bill, which still differs in major ways from the House bill. Here’s what you need to know.

U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s version of the “big, beautiful” act challenging the House version of the bill on some key provisions.

If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.

New tax breaks on tip income and overtime pay may soon become law, but some workers may not see any benefit.

Under the current law, taxpayers can claim the electric vehicle tax credit if they meet specific income and purchase requirements.

Millions of taxpayers may soon benefit from a new tax deduction worth up to $2,000 for qualified charitable contributions.

Both the Senate and House versions of the massive tax bill include a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000. But there are income limits.

There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking to lower your taxable income.
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