Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy ...

IRS tax provision updates can help cut back on “bracket creep,” which occurs when inflation moves you into a higher income tax bracket or reduces how beneficial credits, deductions ...

President-elect Trump promised a slew of tax breaks for the middle class. Can he keep those promises and if so, at what cost?

NEW YORK (AP) — U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. For single taxpayers and married ...

In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.