There are seven federal income-tax brackets with tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate is based on your taxable income, after benefits such as the standard deduction are ...

When you earn a certain amount of income, you’re obligated to pay federal income taxes, which can take a bite out of your earnings. To ease your financial burden, the Internal Revenue Service offers ...

Next Monday, May 17, is the official deadline for individuals to file their 2020 federal tax return, and in most instances their state tax return, too. It’s a month later than usual, thanks to the ...