BENN STEIL is a Senior Fellow and Director of International Economics at the Council on Foreign Relations. He is the author ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Tax season 2025 officially began on Monday, Jan. 27, when the IRS started accepting 2024 federal tax returns. The last day to file is April 15, 2025, but millions of Americans have already started ...

The IRS has released new numbers for the 2025 tax year. Here is what you need to know about tax bracket changes: IRS tax bracket updates for 2025 tax year In October, the IRS announced updates for ...

You can also make an appointment to get help at a local IRS Taxpayer Assistance Center. The agency does not accept tax-related questions by email. A refund will take longer if you file by mail or ...

The IRS has set new tax brackets for 2025, but that won't impact the return you'll file by April 15, since that 1040 reflects your 2024 income and taxes. Each year, the IRS adjusts its tax ...

How long does it take to get a tax refund? Depends on how you filed. According to the IRS, if you chose direct deposit you should get it within five days after processing. Mailed refunds may take ...

The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...

particularly if you owe money to the IRS. For the 2024 tax year, there are seven federal income tax rates. These rates are applied progressively based on income levels. Single: $609,351 or more ...