According to the IRS, here's how much you have to have made in 2024 to be required to file taxes in 2025 and the general rules for whether you need to file a federal tax return this year.Many, or all, of the products featured on this page are from our advertising partners who compe...
Do I have to pay taxes on a $20,000 gift? You do not need to file a gift tax return or pay gift taxes if your gift is under the annual gift tax exclusion amount per person ($18,000 in 2024). But even if you do exceed that amount, you don’t necessarily need to pay the gif...
You may wish to do additional planning to reduce your taxes or to retain your eligibility for certain benefits. For example, you might want to either avoid selling investments that have increased in value, especially if you haven’t held them for more than a year, or contrib...
Unemployment benefits and taxes Investment tax tips Child tax credit Important tax deadlines Federal tax brackets Help and support TurboTax Live Community Support Contact us Where's my refund File an IRS tax extension TurboTax Login Community
you a special discount code so you are not charged for the federal return.Important: You are not paying for e-filing as this is included for free when you e-file your federal and state taxes together. You are paying for the full preparation of your state return for you to print and ...
According to the U.S. Department of Justice, millions of Americans fall victim to identity theft each year. When it comes to taxes, the identity thief targets refunds from fraudulent tax returns filed with your personal information. You may remain unawar
Federal Budget Can Be Balanced with Spending Cuts; Republican-Led States Already Have Succeeded with No New Taxes
Not all taxes have a wage base. Federal, state, and local income taxes do not have a wage base. And, Medicare tax does not have a wage base. Instead, there is an additional Medicare tax imposed on employees when they earn above a certain threshold. These are the taxes with a wage ba...
The launch will be the first test of the new federal health insurance exchange designed to serve U.S. Postal Service employees, retirees and dependents, first established by the2022 Postal Service Reform Act. But while OPM has detailed its customer...
Two states removed income taxes entirely, joining six others that do not tax incomes. Thirteen states increased their top rate. Two made no changes, and data cannot be compared for four states. In this graphic we compare how the state income taxes have changed between 2000 and 2025. The vis...