Here's what to know about income tax ahead of tax season, including what it is, how it works, how to calculate it and which ...

How much you owe the IRS at tax time is determined by the tax brackets you're eligible for. For tax year 2025 (filing in 2026), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Each ...

Angelica Leicht is a seasoned personal finance writer and editor with nearly two decades of experience but just one goal: to help readers make the best decisions for their wallets. Her expertise spans ...

Campaign slogans promise retirees "no tax on Social Security," but the Internal Revenue Code does not work in slogans. Federal law still treats a portion of many retirees' monthly checks as taxable ...

Of the over 71 million Americans who receive regular Social Security payments, the last group will receive their December benefits this week. Afterwards, there will be only one more SSI check ...

While some of the best tax software programs offer a free tier, most will only process simple returns with standard deductions. If you're self-employed, own rental properties or investments or have to ...

Learn how contributing after-tax funds to a Roth has advantages in retirement Andrew Martins is an award-winning journalist who has performed thousands of hours of research on small business products ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Education: Syracuse University Andrew Gross covers the New York Islanders and the NHL. He joined Newsday in 2018 after 10 years covering the Rangers, Devils and NHL for The Record (N.J.). Before that, ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

GDP measures total economic output within a country over a specific period. Investors use GDP to anticipate market shifts and adjust portfolios accordingly. Buying cyclical stocks during GDP growth ...

But while eliminating income tax might sound appealing, some of its consequences might make you reconsider. Income taxes brought in about $2.7 trillion to the federal government in 2025, according to ...