Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

The tax bracket income levels for 2026 are increasing by 2.3% and new tax breaks could allow you to keep more take-home pay.

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 ...

The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

If wealthy Americans genuinely believe they should contribute more, they are free to do so today. The Treasury accepts ...

From RMDs to Medicare surcharges, these common retirement tax traps could quietly raise your bill in 2026 if you don't plan ...