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The Latest Breaking News from Income Tax

The former president says the government should be funded like it was in 1890. So where's the plan to reset spending to 1890s levels?

Reason

BBC apologises after SNP hit out at 'false claim' on Scottish income tax

THE SNP have accused BBC Scotland of failing to “grasp the basics of the Scottish income tax system” after a “false claim” on one of its…

The National (Scotland)

2025 tax year updates: New brackets, deductions & more

Tax brackets and standard deductions have increased for tax year 2025. Here's how it affects you.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

New 2025 Child Tax Credit Announced: How Much Is It?

Explore the new IRS-adjusted amounts for popular family tax credits.

Kiplinger

The 2025 Standard Deduction Is Here

What is the standard deduction for your filing status in 2025?

Kiplinger

New 2025 Income Tax Brackets Are Set

The IRS has adjusted federal income tax bracket ranges for the 2025 tax year to account for inflation. Here's what you need to know now.

Kiplinger

Reeves’ income tax plan will hurt working people and increase inequality even more

Letters: Su Hardman on the news that the chancellor is expected to extend the freeze on income tax thresholds in the budget. Plus letters from Patrick Donovan, Prof Mike Stein and Michael Meadowcroft on Labour’s tax plans

The Guardian - UK

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When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?

Millions could pay more income tax if ‘stealth’ policy is continued

The Independent UK

Workers set for income tax hike as Rachel Reeves ‘to extend freeze on thresholds’

Conservatives have accused Keir Starmer and Rachel Reeves of preparing to break a manifesto pledge

The Independent UK

Rachel Reeves expected to extend ‘stealth’ freeze on income tax thresholds

Policy known as ‘fiscal drag’ could bring in as much as £7bn a year after 2028, while dragging workers into paying more tax

The Guardian - UK

Budget 2024: what taxes could Rachel Reeves raise?

The chancellor is aiming to make £40bn worth of tax rises and spending cuts to fill ‘black hole’ in public finances

The Guardian - UK

States That Offer a Child Tax Credit in 2024

Fifteen states plus the District of Columbia currently offer a child tax credit. Here’s how much you can get.

Kiplinger

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Millionaire business owners urge Rachel Reeves to raise £14bn from rise in capital gains tax

Group of wealthy investors argue it would have no impact on investment in the UK and would raise vital funds for public services

The Guardian - UK

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Kiplinger

What are Trump's Positions on Capital Gains Taxes?

Harris and Trump have different views on taxing capital gains. See what Trump said he would do if elected to the White House.

The Street

Death in the family

Here's what you need to know about the deceased's final tax return, reporting income and deductions, inheritance and more.

The Street

Veteran advisor reveals different Harris, Trump tax plan impacts

As proposals are reviewed, a word of caution is emphasized.

The Street

Ticketmaster 1099-K: A guide to 1099-K reporting for sellers

Sell on Ticketmaster? Get a 1099-K if payments exceed the threshold. Report all sales, pay tax only on profits. No 1099-K? You still must report profits.

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Kiplinger

What is Net Investment Income Tax (NIIT) and Who Pays It?

Find out which income levels are subject to the 3.8% NIIT surtax.

The Street

What is the marginal tax rate and how to calculate it

Your marginal tax rate is the highest tax rate you’ll pay on your income, based on your federal income tax bracket. Learn more about this tax rate.

The Street

S-corp taxes: An introductory guide

S corporations pass income, losses, and credits to owners, who report them on personal taxes.

Investors Business Daily

Nearly 10% Of S&P 500 Companies Paid No Tax — Including Tesla

With all the bellyaching about U.S. corporate taxes, you'd think S&P 500 companies were paying up. But some get away with paying nothing.

The Street

Partnership taxes: A guide for beginners

Partnerships don't pay federal tax; income, losses, and credits pass to partners, who report them. Learn more about partnership taxes here.

inkl

Day Trade Tax Rate Explained: How Much Traders Pay

Understanding the day trade tax rate might appear complicated. A lot of traders feel confused when it's about taxes. What will be the amount due? Which regulations should you be aware of? These are typical queries that lead to bewilderment.

The National (Scotland)

Scottish income tax policy has 'little to no impact' on most businesses – new study

MORE than half of businesses in Scotland have experienced “little to no impact” from the Scottish Government’s income tax policy, according to…

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