This note describes how most features of an income tax system (and to some extent social security and welfare) can be described as a combination of lumpsums and marginal tax rates and plotted in a ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI.

Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. It’s a month later than usual, thanks to the ...

Some Californians may have more time to receive their inflation relief money. All direct deposits have been issued as of Nov. 14, but more debit cards still need to be mailed out, according to the ...

The IRS has finished correcting millions of 2020 tax year returns—a process that resulted in the agency issuing 12 million tax refunds averaging $1,232 each, for a total of about $14.8 billion. The ...

Update: This story has been updated to reflect deadline extensions. "Nothing is certain but death and taxes." So goes the adage, attributed to Benjamin Franklin. But 2020 was a year of change and ...

New rules for a new reality, from stimulus payments to retirement withdrawals to unemployment insurance, could cut your bill or even generate extra refunds. By Tara Siegel Bernard and Ron Lieber The ...