Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Tax Day 2019 is Monday, April 15. The IRS has a free tax […]

The IRS took inflation into account when it released new tax brackets, which will apply to income earned in 2019. Tax Day 2019, when taxes are due for income earned in 2018, is Monday, April 15. The federal income-tax ranges have shifted slightly, and the standard deduction will be $US12,200 […]

America operates on a progressive tax system. That means as a person earns more and progresses through tax brackets, their tax rate increases for each level of income. Rep. Alexandria Ocasio-Cortez of New York has touted a plan that would tax Americans earning more than $US10 million at a rate […]

President Donald Trump’s new tax law went into effect this year, changing the 2018 tax brackets. The tax law resulted in a bump in take-home pay for about 90% of Americans, according to the IRS. The changes hit Americans’ paychecks at the beginning of February. The new tax law, which […]

President Donald Trump’s tax law resulted in a bump in take-home pay for about 90% of Americans, according to the IRS. For people earning $US75,000 a year, federal income and FICA taxes amount to $US685 per pay period under the new tax law, down from $US778. That means employees who […]

President Donald Trump signed the Republican tax bill into law in December 2017. The new tax law changes the mortgage interest and property tax deduction, potentially making homeownership less attractive in the long run. Homeowners in expensive coastal cities will likely see the biggest loss of tax deductions, according to […]

Every year, the IRS warns taxpayers to beware of a long list of tax scams, including robo-calls and phishing attempts. I receive scam calls regularly during tax season. Often they allege “fraud and misconduct” associated with my taxes and urge me to return the call “immediately.” As we approach the […]

The IRS warns taxpayers every year to beware of a long list of tax scams. This year, identity thieves are up to the same tricks, but with a new twist. Scammers file a fake tax return, deposit the fraudulent tax refund into your own bank account – and then call […]

Tax Day falls on April 17 this year, but you can file your taxes as soon as you have the correct forms from your employer. The IRS recommends filing your taxes online and requesting direct deposit for your tax refund. H&R Block and TurboTax both offer free tax filing if […]

Meghan Markle will become a member of the British royal family, which commands a fortune of over $US500 million, on May 19. Markle will remain a US citizen for at least five years and will still have to pay taxes to the IRS on any income earned. If Markle accepts […]

Taxes are due by April 17 this year. Most Americans file a state income tax return and a federal income tax return. If you live in a state with no state income tax, you may not need to file a state return. Every American taxpayer must file their taxes by […]

Taxes are due by April 17. Most Americans should file a state income tax return in addition to a federal income tax return. State income tax rates range from zero to 13.3%, depending on which state you live in and your income. Tax day is April 17 this year, but […]

Taxes are due by April 17. Most Americans should file a state income tax return in addition to a federal income tax return. State income tax rates range from zero to 13.3%, depending on which state you live in and your income. Tax day is April 17 this year, but […]

TurboTax is one of the most popular services for filing your tax return online. I decided to file my own taxes this year for the first time, and it was easier than I thought it would be. TurboTax’s tax-refund estimate in the top-left corner kept me motivated when the process […]

Tax Day falls on April 17 this year. Free tax filing is offered by many online tax services, like H&R Block and TurboTax. You can file your taxes for free if you made less than $US66,000 in 2017. Tax season shouldn’t scare you. Filing your tax return can be super […]

Tax Day 2019, the last day to file your 2018 tax return, is Monday, April 15. Your tax refund will typically be available within 21 days if you file electronically. The average federal tax refund for the 2017 tax year was $US2,727, but the figure varies by state. In some […]

Tax Day 2019, the last day to file your 2018 tax return, is Monday, April 15. The IRS began accepting tax returns on January 28. The new tax law is in effect, so there are a few changes to be aware of when filing your taxes. Tax refunds typically arrive […]