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Tax News

The latest tax news and expert analysis from Bankrate's award-winning editorial team.

Recommended reading

The average tax refund each year, and how refunds work
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.
State tax rates
Wondering what your state tax rates are? Click on your state to find state income tax rates, sales tax rates and more.
How to fill out your W-4 form
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.

Latest articles

US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, on Tuesday, July 1, 2025.
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.
US Vice President JD Vance arrives at the US Capitol on Tuesday, July 1, 2025.
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.
Photo illustration shows a calculator with a tax return, a clock and money.
If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.
US President Donald Trump speaks to members of the media on the South Lawn of the White House on June 24, 2025.
New tax breaks on tip income and overtime pay may soon become law, but some workers may not see any benefit.
Electric vehicles parked at a charging station in California, EV tax credits may end
Under the current law, taxpayers can claim the electric vehicle tax credit if they meet specific income and purchase requirements. 
A Habitat for Humanity sign hangs in front of new homes built by the charity in Long Beach, Calif.
Millions of taxpayers may soon benefit from a new tax deduction worth up to $2,000 for qualified charitable contributions.
President Trump Hosts Congressional Picnic as Big Beautiful tax bill goes through Congress
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.
Dad helps young daughter ride skateboard, Father's Day tax tips
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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