A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...

The United States has a graduated income tax system where the federal tax rates get progressively higher as your taxable income increases. So, being in the 22% tax bracket doesn’t mean that you’re ...

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 ...