Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...

The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of ...

The thresholds at which Social Security benefits are taxed aren't indexed to inflation. A growing number of retirees are taxed on these benefits. Your provisional income will determine if you'll pay ...

Nine U.S. states are lowering income taxes on Jan. 1, according to a recent Tax Foundation analysis — a move that could give some taxpayers additional financial breathing room as they head into the ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the tax code, it can be complicated to figure out whether – and how much – you ...

President Donald Trump suggested Tuesday that Americans may "not even have income tax to pay" in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal ...

President Donald Trump believes that the federal income tax will be abolished in the near future and replaced entirely by tariffs. Trump made the bold claim about an income tax-free America during ...

Political Calculations' initial estimate of median household income in September 2025 is $85,157. This estimate represents a $691 (+0.8%) increase over our initial estimate of $84,466 for the U.S.' ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The rise of artificial intelligence has made the conversation about a universal basic income (UBI) more urgent than ever. There are various predictions about what robots and automation and large ...

WSJ’s Konrad Putzier breaks down two new datasets on employment and income levels in 2024, and what they reveal about the economy that President Trump inherited in his second term. Photo Illustration: ...