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Tax News

The latest tax news and expert analysis from Bankrate's award-winning editorial team.

Recommended reading

The average tax refund each year, and how refunds work
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.
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.
How to fill out your W-4 form
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

Young couple planning their finances together.
Property taxes are a major cost of homeownership. Here are the 10 states with the highest property tax rates, and the 10 states with the lowest rates.
a design image of a young man on his laptop and holding a piece of paper
Taxes are complex. Avoid these tax pitfalls to keep more money in your pocket.
Male and female workers installing solar panels on a roof.
The solar tax credit, plus other residential clean energy and energy efficient home improvement credits, are about to expire.
A delivery person delivers food to a customer's house.
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.
US President Donald Trump shakes hands with House Speaker Mike Johnson after signing the "Big Beautiful Bill Act" at the White House in Washington, DC, on July 4, 2025.
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
President Trump Signs His "Big, Beautiful Bill" Into Law And Celebrates Independence Day At The White House
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 home built by Habitat for Humanity of Minnesota.
Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable contributions.
President Donald Trump bangs a gavel after signing the "One, Big Beautiful Bill" Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025.
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.
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