The brackets that determine how much Americans pay in taxes each year are moving up by their smallest amount in a few years.

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...

For tax year 2025, the exemption amount for unmarried individuals will increase to $88,100 ($68,650 for married individuals ...

The IRS has unveiled its annual inflation adjustments for the 2024 tax year, featuring a slight uptick in income thresholds for each bracket compared to 2023. Your taxable income and filing status ...

In December last year, the BIR issued Revenue Regulation 16-2023 requiring online merchants with earnings of more than ...

Monthly child tax credit payments were a godsend for many parents who struggled financially in 2021. Families that received their initial payment in July got up to $300-per-child each month ...

Choose the filing status you use when you file your tax return Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses ...

The BIR said the accord provided “several provisions that redounds to the benefit of PCUP.” In particular, the tax collection agency will be exempting from taxes the donations made by private ...

Qualified dividends are also subject to their own tax table which tops out at 20%. Some investment vehicles that issue dividends are exempt from taxes, as some mutual funds or other regulated ...

Lumagui said the 1-percent deduction from earnings as withholding tax from local online sellers will be collected by the BIR this coming November. “Hopefully, because we will intensify our ...

Parents across the country have already received up to four monthly child tax credit payments ... list of opt-out deadlines can be found in the table below (note that the deadlines for opting ...

Understanding how the income tax system works—and ways to minimize the amount you owe—is essential to financial planning. Learn about tax brackets, filing status, how to file taxes ...