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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

Two younger woman sit around a dining table with an older woman who takes notes on a notepad.
Here are the five states that charge an inheritance tax.
How to file taxes for free
These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you do it right.
What Trump's External Revenue Service might mean for you
President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.
IRS to open Free File on Jan. 10.
The IRS is opening its Free File program on Jan. 10 this year. Here’s how to qualify.
The IRS is sending out $1,400 checks to taxpayers who didn't claim stimulus payments.
The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed to claim [...]
U.S. Treasury check and Social Security card
Trump’s plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.
Young couple discussing financial bills while using laptop on sofa.
These four year-end tax strategies can help trim your taxes for 2024 and beyond.
Trump speaks at an election night event on Nov. 6, 2024.
Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.
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