Trump suggested that federal income taxes should be "eliminated," while stating that America was at its richest from 1870 to ...

The tax brackets you fall into determine much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

Need a break? Play the USA TODAY Daily Crossword Puzzle. If you fail to file your federal tax return on time, the standard penalty is a whopping 5% of any tax due for every month the return is ...

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit on EVs. Whether your vehicle qualifies or not is ...

Federal tax policy was not kind to Canadians in 2024. That shouldn’t be a surprise: it wasn’t kind to Canadians in 2023 or 2022, either, or in any year since 2016, when the Trudeau government ...

The US Department of Energy published the updated list of EVs that qualify for the federal tax credit in 2025—at least until Jan. 20, that is. President-elect Donald Trump reportedly plans to ...

This guide is intended for the employer and the payer. It contains tables for federal and provincial tax deductions, CPP contributions and EI premiums. It will help you determine the payroll ...

One of the many tax terms that may be hard to understand is a "federal tax credit." In simple terms, this type of credit is a benefit offered by the government to help reduce your tax liability.

The federal government plans to extend the deadline for claiming charitable donations on tax returns through to the end of February. The announcement from Finance Minister Dominic LeBlanc comes ...

What Might Happen with Taxes in 2025? Taxes are a major topic for 2025. With many provisions from the Tax Cuts and Jobs Act set to expire on Dec. 31, 2025, individuals and businesses alike are ...

To prepare for tax season, find out what federal income tax bracket(s) you're in, how tax rates work and what you can do to cut your tax bill. Many, or all, of the products featured on this page ...

Keep reading to learn more about how tax credits differ from deductions and which federal tax credits apply to your situation. Low commission rates start at $0 for U.S. listed stocks & ETFs*.