In its new report, the IRS estimates that: The gross tax gap was $708 billion for 2021 and $696 billion in 2022; after ...

The IRS announced inflation adjustments for the 2025 tax year on October 22, affecting tax brackets for returns due April 15, 2026. The top progressive tax rate of 37% for people ...

(CNN)– The Internal Revenue Service has announced some notable changes for tax year 2025. New tax brackets reflect an ...

Due to Trump's rich-friendly 2017 tax bill, American taxpayers will receive more in standard deductions on their 2025 income ...

Certain tax cuts are set to expire at the end of next year, and that could mean 'a mixed bag of pros and cons' according to ...

The standard deduction will go up for 2025 tax returns by $400 from 2024 for single taxpayers and married individuals filing ...

Vice President Harris said on 60 Minutes that teachers, nurses and firefighters have higher tax rates than billionaires. Here ...

On Tuesday, the Internal Revenue Service announced the annual inflation adjustments for tax year 2025. The document IRS Rev. Proc. 2024-40 provides detailed information on adjustments and changes to ...

(Brackets are updated annually to keep pace with inflation ... unbiased content in our editorial policy. Internal Revenue ...

The Internal Revenue Service released tax brackets adjusted for inflation before the 2025 tax year begins.

Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...