Tax guidance and resources

Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.

Taxes Basics

2024-2025 tax brackets

Find your federal income tax bracket for 2024 and 2025 to understand what your tax rate is.

Gross vs. net income

Knowing the difference between gross and net income can help you better manage your financial situation.

Tax identification number (TIN)

A TIN is a nine-digit number used to identify taxpayers. If you need to file taxes, you’ll need a TIN.

What is fica tax

FICA tax, also known as payroll tax, is what almost all workers have to pay for Social Security and Medicare.

Editor's Picks

Latest Articles

Donation value guide for 2024-2025: Calculate the value of your donated items for your taxes

This list of common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.

3 min read Apr 04, 2025
Married filing separately: How to decide if married filing jointly or separately is best for you

Should you file your taxes as “married filing jointly” or “married filing separately?” Here’s how to decide.

4 min read Apr 04, 2025
When are taxes due? Tax deadlines for 2024 and 2025

The deadline for filing your 2024 tax return is April 15, or Oct. 15 with an extension.

4 min read Apr 03, 2025
Head of household filing status can save you money on your taxes — if you qualify

The head of household tax filing status can mean a lower tax bill vs. filing as a single taxpayer, but you need to make sure you qualify.

4 min read Apr 02, 2025
Child tax credit: Who’s eligible, how to claim it, and more

If you have a child under 17, the child tax credit can be a valuable tool for cutting your tax bill.

4 min read Apr 02, 2025
State tax rates

Wondering what your state tax rates are? Click on your state to find state income tax rates, sales tax rates and more.

Mar 31, 2025
Where’s my tax refund? How to track your refund

Most refunds are sent out within 21 days. If you’re wondering where your tax refund is, you can track it online.

5 min read Mar 31, 2025
Is alimony taxable? That depends on the date of your divorce and other details

Sometimes alimony is taxable to the recipient and a tax deduction for the payer, but it depends on the date of your divorce.

3 min read Mar 31, 2025
Qualified business income deduction: What it is and how to claim it

The qualified business income deduction, or QBI, can reduce your business income by up to 20 percent at tax time.

3 min read Mar 28, 2025
TurboTax vs. IRS Free File: A self-employed writer tries both, picks a winner

A freelance writer filing as a self-employed worker for the first time tests TurboTax and IRS Free File, and picks a winner.

6 min read Mar 28, 2025
EIN: What it is, who needs it and how to get it

If you’re running a business, you’ll probably want to apply for an EIN, or employer identification number.

3 min read Mar 27, 2025
Property tax deduction: What it is, how much you can deduct

The property tax deduction can trim your taxable income by as much as $10,000, if you itemize your deductions.

4 min read Mar 27, 2025
What is the IRS and what does it do?

Since 1862, the IRS, in one form or another, has been responsible for collecting taxes in the U.S.

4 min read Mar 26, 2025
Trump’s tariffs are here — here’s who pays for these import taxes and how much prices could rise

Trump’s tariffs are here. The U.S. economy — and consumers — may pay the price.

10 min read Mar 26, 2025
Sales tax: Definition, how it works and how to calculate it

Sales tax is a type of consumption tax, meaning it taxes people for spending money. Here’s how to calculate it.

4 min read Mar 19, 2025
These 5 states don’t levy sales tax, but watch for other taxes

Five U.S. states don’t charge sales tax, but there are other taxes to watch for.

3 min read Mar 18, 2025
Trump and the expiration of the TCJA: Here’s what’s next for your tax bill

The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.

5 min read Mar 18, 2025
Cryptocurrency taxes: A guide to tax rules for Bitcoin, Ethereum and more

The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.

6 min read Mar 17, 2025
5 tax deductions you can claim without itemizing

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

5 min read Mar 14, 2025
TaxAct review 2025 (tax year 2024)

TaxAct supports a variety of tax situations at affordable prices. Overall, it’s a great value.

3 min read Mar 14, 2025

The trusted provider of accurate rates and financial information