Kelly Phillips Erb is a Forbes senior writer who covers tax. Author’s note: The standard deduction amounts, state and local tax (SALT) caps, and maximum amount of the child tax credit have been ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

The Internal Revenue Service provided the annual inflation adjustments for tax year 2024, including increases in the standard deduction and changes in tax brackets. Processing Content Revenue ...

There are no new credits or deductions available for this filing season. However, the IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and ...

Tax filing season is officially underway, and with it comes a new addition to the federal Form 1040. Schedule 1-A (Form 1040) is used for new deductions stemming from the One Big Beautiful Bill Act ...

The Internal Revenue Service has unveiled annual inflation adjustments for tax year 2026 for more than 60 tax provisions, including tax rate schedules and other tax changes, with Rev. Proc. 2025-32 ...

Question: I just received a huge salary increase when I changed jobs. My wife and I are concerned that this increase will put us in a much higher tax bracket. Because we will be going into a higher ...