This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule changes may affect you.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Investors who sell an investment at a profit in a taxable account incur a capital gain that they must report on their tax returns. For investments held longer than one year, the long-term capital ...

Tax season is upon us, and while April 15 may seem like it’s right around the corner, you still have time to make some ...

The U.S. uses a progressive tax system with seven tax brackets, meaning higher tiers of income are taxed at higher rates. The IRS adjusts tax brackets annually for inflation, which may affect your tax ...

Tax season is approaching, meaning millions of Illinois residents will soon have to turn their attention to W-2s and tax brackets. Every year, the Internal Revenue Service announces new tax brackets, ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get back. Deductions lower the portion of your income that's taxed, while ...

IRS Direct File, which was offered in 25 states last year, has been discontinued. But one very-much underused, free program remains for 2026.

While many households will see higher refunds this year, they may be far smaller than promised and offset by higher tariffs ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules apply to many tax breaks.