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 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.
President Trump’s sweeping new tax law includes many provisions that go into effect in 2025. Here’s what you should know.
U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s version of the “big, beautiful” act challenging the House version of the bill on some key provisions.
There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking to lower your taxable income.
Hurricanes can cause immense destruction, but these tax benefits can help alleviate some of the financial costs.
Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.
The popular IRS Direct File program, which lets you prepare and file your return for free, will be cancelled if the Republican tax bill becomes law.
The child tax credit could get boosted to $2,500 under a Republican proposal. But millions of children would be excluded.
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