Arkansas is ranked third in the highest average combined state and local sales tax rates. From the roads you drive on to the ...

Arkansas has one of the highest sales tax rates in the country, which means residents and businesses feel these effects more ...

If you were among federal student loan borrowers who received forgiveness in 2024, you may be on the hook to pay state income ...

Tax season may not be the most exciting time of year, but it can come with some silver linings—like the opportunity to save for your loved one’s education while ...

No one likes paying income tax, but residents of some states have it worse than others. Here are some of the worst offenders ...

It all started in 1913 with the ratification of the 16th Amendment to the Constitution. In a moment of fiscal irresponsibility, the states approved a federal income tax without limits and without any ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Short-term crypto gains on purchases held for less than a year are subject to the same tax rates you pay on all other income: 10% to 37% for the 2024-2025 tax filing season, depending on your ...

which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season). However, you may only pay up to 20% for capital gains taxes. And unlike ordinary income taxes ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...

Also, note that employers are required to send employees their W-2 and 1099 income tax forms by the end of January. When is the deadline for filing a 2024 tax return with the IRS? The official ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...