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.

With a short time left before 2025 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.

This year, if you receive an extension, the deadline to file will be pushed back to Oct. 15. Chris Gash for Money Tax Day is nearly here. Tuesday’s federal income tax deadline is approaching quickly, ...

The 2025 federal tax law risks making 529 plans more costly for states by increasing tax avoidance and allowing wealthy ...

The House passed a spending bill that eliminates federal income tax on overtime pay, but the Senate still needs to vote on the bill. The bill also includes provisions to eliminate federal taxes on ...

Key Points ・The federal tax exemption for income-driven repayment (IDR) student loan forgiveness expires after December 31, ...

Estimate your 2025 federal refund or bill using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or the sum of ...

The first bill up at Wednesday morning’s jam-packed final meeting of the year for the S.C. House Ways and Means Committee was the tax conformity bill, which Rep. Brandon Newton told his colleagues the ...

The U.S. Treasury Department said Thursday it plans to reclassify certain refundable tax credits as "federal public benefits, ...

Estimate your 2025 federal taxes or refund using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or the sum ...