Kelly Phillips Erb is a Forbes senior writer who covers tax. Author’s note: The standard deduction amounts, state and local tax (SALT) caps, and maximum amount of the child tax credit have been ...

The IRS has announced the annual inflation adjustments for the year 2026, including tax rate schedules, tax tables and cost-of-living adjustments. These are the official numbers for the tax year ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

There are no new credits or deductions available for this filing season. However, the IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and ...

The Internal Revenue Service has unveiled annual inflation adjustments for tax year 2026 for more than 60 tax provisions, including tax rate schedules and other tax changes, with Rev. Proc. 2025-32 ...

This note describes how most features of an income tax system (and to some extent social security and welfare) can be described as a combination of lumpsums and marginal tax rates and plotted in a ...

The IRS will begin accepting 2025 tax returns on Monday, January 26, 2026. The deadline to file taxes or request an extension is April 15, 2026. Most tax refunds are issued in less than 21 days, ...

In our CPA firm, most of our business clients are taxed as Sub-S corporations. That is not by accident. Over the years, our ...