New tax brackets released by the Internal Revenue Service mean that if you get a raise next year, there’s a chance your tax ...

Capital gains tax is a tax on profits from asset sales. Long-term capital gains tax rates are 0%, 15% or 20%. Short-term rates equal ordinary income tax rates.

The IRS has issued an update which corrects some calculations as published initially by the IRS as part of the annual ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

More than 500,000 federal workers are missing their first full paycheck. Now three weeks in, this is the second longest shutdown in U.S. history. Republican and Democratic lawmakers remain at a ...