Tax News
The latest tax news and expert analysis from Bankrate's award-winning editorial team.
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The average tax refund so far in 2025 is $2,939, up just $70 from the average refund this time last year. Here’s how tax refunds work.
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Wondering what your state tax rates are? Click on your state to find state income tax rates, sales tax rates and more.
The W-4 form determines how much in taxes is withheld from your paychecks, which in turn helps you manage your tax refund, or tax bill.
Latest articles
The solar tax credit, plus other residential clean energy and energy efficient home improvement credits, are about to expire.
The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on taxes this year.
New charitable giving tax deduction worth up to $2,000 is coming soon, and you don’t have to itemize
Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable contributions.
The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.
The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.
The valuable electric vehicle tax credit for new and used EVs is set to end after September. Here’s how these credits work and who qualifies.
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