New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...
With the distribution of nearly $3 billion in tax refunds to Bay Staters now underway, a troubling new analysis into Chapter 62F claims Massachusetts officials are contending with a “mirage of ‘excess ...
Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...
Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted gross ...
Kentucky’s individual income tax rate will drop to 3.5% on Jan. 1, 2026, cutting state revenues and tightening lawmakers’ ...
Editor’s note: This story is part of an ongoing series about proposed changes in the state income tax formula. When Gov. J.B. Pritzker unveiled his plan for a graduated income tax, he said just 3% of ...
Older Americans are about to get a targeted new tax break that makes it easier to shield Social Security benefits from federal income tax. A fresh "senior bonus" deduction of up to $6,000 per person ...