There are seven federal income-tax brackets with tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate is based on your taxable income, after benefits such as the standard deduction are ...

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

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 ...

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 ...

Forbes contributors publish independent expert analyses and insights. Amber Gray-Fenner covers individual and crypto taxation and IRS news. Many taxpayers learned that unemployment benefits are ...

Taxpayers whose 2020 income tax returns were revised by the IRS to exclude unemployment benefits from gross income may be eligible for the additional child tax credit or earned income tax credit as a ...

HARRISBURG, Pa. — Editor's note: The above video is from Feb. 11. One day after the Internal Revenue Service announced a one-month extension to file 2020 income taxes, the Pennsylvania Department of ...