Older Americans are heading into tax season with a rare piece of good news: a fresh $6,000 deduction designed to shrink how ...

Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

The federal tax agency announced the new brackets in October, which are typically adjusted each year to account for inflation. Standard deductions — which reduce the amount of income subject to being ...

If passed, the Service Members Tax Relief Act would eliminate federal income tax on all active-duty and reserve pay, as well as military bonuses.

So, you’re filing taxes after your first year of retirement, feeling good about your anticipated refund. Now that you’ve switched from your salary to a pension, you must be paying significantly less ...

"Izmir, Turkey - June 12, 2012: Close up to IRS( Internal Revenue Service) website through a magnifying glass on the laptop. IRS is a United States government agency tasked with collecting yearly ...