Estimate your 2025 federal refund or bill using our free income tax calculator. Enter your income, age and filing status to get started. Annual gross income Think of this as your salary, or the ...

Find out when your IRS tax refund will arrive in June 2025 and how much to expect—get details on average amounts and key filing timelines.

Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits decrease your tax bill. With the 2024 tax deadline passed, you may already ...

A small, obscure section in U.S. President Donald Trump's One Big Beautiful Bill Act could cost Canadians and Canadian ...

The average IRS tax refund in 2025 is approximately $2,950, a figure noted early in the filing season and slightly adjusted to $2,939 later, compared to $2,869 in 2024.

For 2025, the IRS left unchanged its 2024 total contribution limit of $7,000 for traditional and Roth IRAs, plus $ 1,000 catch-up contributions for individuals over 50.

The IRS requires a person to report your current gambling winnings on your federal income taxation. When you obtain a Form W-2G from a betting establishment, it can list your profits as well because ...

Still haven't filed your 2024 taxes? Here are the key questions to ask a tax pro before you make any other moves.

Withholding tax is how you pay federal taxes as you earn your income. It keeps you on track so you’re not hit with a big tax bill — or a big refund that could have been in your paycheck all year.

If the tax returns were filed between May 16 and May 31, 2025 in the offline mode, expect a return between July 11 and July 25 this year. E-filers with a direct deposit (June 6 and June 19, 2025 ...