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Tax News

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

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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 shakes hands with House Speaker Mike Johnson after signing the "Big Beautiful Bill Act" at the White House in Washington, DC, on July 4, 2025.
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
President Trump Signs His "Big, Beautiful Bill" Into Law And Celebrates Independence Day At The White House
The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on taxes this year.
New home built by Habitat for Humanity of Minnesota.
Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable contributions.
President Donald Trump bangs a gavel after signing the "One, Big Beautiful Bill" Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025.
The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.
President Donald Trump holds up the "One, Big Beautiful Bill" Act that was signed into law during an Independence Day military family picnic.
The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.
Electric vehicles parked at a charging station in California, EV tax credits may end
The valuable electric vehicle tax credit for new and used EVs is set to end after September. Here’s how these credits work and who qualifies.
U.S. President Donald Trump arrives for a rally to kick off the July Fourth holiday weekend at the Iowa State Fairgrounds on July 03, 2025 in Des Moines, Iowa.
President Trump’s sweeping new tax law includes many provisions that go into effect in 2025. Here’s what you should know.
President Donald Trump speaks to the media before boarding Marine One outside the White House on July 1, 2025
New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed into law on July 4. But some workers may not see any benefit.
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