Older Americans are about to get a targeted new tax break that makes it easier to shield Social Security benefits from ...

The federal income tax formula calculates different rates for different portions of your taxable income. When incomes increase, tax rates rise, kicking in above certain levels—that’s the bracket. The ...

The federal tax agency announced the new brackets in October, which are typically adjusted each year to account for inflation. Standard deductions — which reduce the amount of income subject to being ...

Top Georgia Senate Republicans are committed to cutting or completely eliminating the state income tax. Proponents argue the cut would make Georgia more competitive with states like Florida and ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

Only a few states in the union currently do not levy an individual income tax, a factor that is known to appeal to many Americans living in heavily taxed states and which can drive significant ...

Reducing individual income tax to 0% in Kentucky has been a priority for the state's Chamber of Commerce and the GOP-led legislature.