The IRS says the easiest and most efficient way to file and receive a refund is through electronic filing and direct deposit, ...

On Friday, the IRS released its second week of statistics comparing Feb. 9, 2024, and Feb. 7, 2025. The IRS has processed ...

As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to ...

To simplify the 64-year-old Income Tax Act 1961 and eliminate unnecessary provisions in it, Finance Minister Nirmala ...

Tax brackets dictate how much you’ll pay on each part of your taxable income for the year. They’re not set in stone: Each ...

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for qualified taxpayers. While the EITC has been around for 50 years, it's still one ...

The location you choose for your retirement can significantly impact your post-9-to-5 lifestyle. While many states do not tax Social Security benefits, others may tax different forms of retirement ...

Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...

According to an update from the IRS, the agency has received more than 13 million returns through Jan. 31, 2025, five days ...

The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points.

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

The earned income tax credit, or EITC, is worth up to $7,830 for eligible families with three or more children for 2024.