Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Nine of these states cut their individual income tax rates for 2025. The most significant change is in Iowa, which had an individual income tax rate of 5.70% in 2024 and now has a rate of 3.80% for ...

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

Freebies, barter deals, and social media earnings will no longer go unnoticed, and influencers will be required to disclose ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

Georgia lawmakers might exempt college athletes' NIL deals from state income tax. Former Alabama coach Nick Saban had a role ...

During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing ...

Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the 2024-2025 tax filing season, depending on your ...

The billionaire also runs Tesla, which paid zero in federal income taxes in 2021, according to a report from CNN. Piloted in a dozen states last year, Direct File expanded to 25 states in 2025.

which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season). However, you may only pay up to 20% for capital gains taxes. And unlike ordinary income taxes ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...

It is also the most expensive option, as the participant will pay tax at ordinary income rates on the balance withdrawn. Participants younger than 59½ will also face an additional 10% penalty for ...