The IRS has announced the federal income tax brackets for 2026, incorporating inflation adjustments that shift thresholds for all seven brackets while maintaining the current rate structure of 10%, 12 ...

The federal income tax formula calculates different rates for different portions of your taxable income. When incomes increase, tax rates rise, kicking in above certain levels—that’s the bracket. The ...

A new analysis into Chapter 62F outlines flaws in the formula used to calculate excess state revenues due back to taxpayers. With the distribution of nearly $3 billion in tax refunds to Bay Staters ...

This guide will help you navigate the complexities of your tax return, including total and adjusted gross income to itemized deductions and tax credits. Taxes can be confusing, but understanding the ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Missouri lawmakers under the capitol rotunda in 2012. Photo by Robert Cohen, [email protected] Kansas cut its income tax, ...