A few sentences slipped into the 940-page tax bill approved by Congress this week could force some gamblers to pay income taxes even after losing money. The provision came to light just a few days ...

What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is ...

President Donald Trump keeps saying that Republicans' mega tax and spending cut legislation will eliminate taxes on federal ...

Since the Social Security tax is 6.2% of your paycheck, that means you'll see an increase in pay of 6.2%. An employee who regularly makes $2,000 per paycheck after taxes can expect to make ...

For 2025, the standard deduction increases to $30,000 for married couples filing jointly, up from $29,200 in 2024. The tax break is also larger for single filers, who can claim $15,000 in 2025, a ...

As the first paycheck of 2025 hits your bank account, it could have slightly more money due to IRS tax bracket changes. The IRS in October announced the federal income tax brackets for 2025, which ...