Understanding how much you owe in federal income tax starts with knowing the tax brackets and how they’ve shifted year over year. Below you’ll find the latest IRS tax tables, standard deduction ...

Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...

The maximum credit for families with two children will increase to $7,316, up from $7,152 in 2025. Those with one child can receive up to $4,427, an increase from $4,328, while qualifying adults ...

ON JULY 3RD Congress gave Donald Trump the Independence Day present he wanted: with a vote of 218–214, House Republicans passed the “One Big, Beautiful Bill Act” (BBB)—the most consequential ...

“Next year, if Congress fails to act, a typical family will face a $1,700 tax hike,” Senate Majority Leader John Thune said Wednesday when describing what could happen if Congress failed to pass tax ...

If you’ve wanted to install rooftop solar panels or buy an electric vehicle in recent years, you’ve probably been able to get federal money for them in the form of tax credits. But those incentives ...

Republican U.S. Sen. Dave McCormick co-sponsored the bill behind the program, which he said ensures all kids can afford to attend a school where they will succeed. U.S. Sen. Dave McCormick (R-Pa.) ...