Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you need to prep and file your 2024 income tax return. Doing your own taxes? Prepping your ...

He says the bill will help lower income Oklahomans by adjusting the tax brackets and raising the standard deduction. “It simplifies Oklahoma’s tax code, It makes it fair. It’s not a ...

Every year, the IRS adjusts more than 60 tax provisions, including federal tax brackets, in order to prevent people from being pushed into higher income tax brackets solely due to inflation.

Keep in mind that the final purchase price for the same item may be different in different jurisdictions because of state, county, and local tax rates. Certain items may be exempt from sales taxes ...

Nvidia exceeded Wall Street’s expectations as it closed out 2024, achieving stunning sales and profit growth — and much of Silicon Valley is likely breathing a sigh of relief at what the ...

Photo: Stefani Reynolds/Bloomberg/Chip Somodevilla/Getty Images As the debate heats up about whether and how to extend the 2017 tax cuts, the jury is out on a key question: Did the cuts generate ...

Tax Time Capital gains tax rates for tax year 2024 Short-term capital gains are taxed at ordinary income tax rates, up to 37%. The rate you'll pay depends on your filing status and total taxable ...

The legislation lowered tax rates for many Americans and shifted tax brackets. For many everyday Americans, TCJA's expiration would mean the possibility of a larger tax bill — the Tax Foundation ...

The Internal Revenue Service anticipates over 140 million people will file for the 2024 tax season before the deadline. There are new features for taxpayers meant to increase tax information ...

Here’s a breakdown of the brackets for last year and this year. For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for ...

As a result, their 2024 standard deduction is $33,850: $29,200 + $1,550 + $1,550 + $1,550. For 2025 tax returns, assuming there are no changes to their marital or vision status, Jim and Susan’s ...