Rev. Proc. 2025-32 from the Internal Revenue Service detailed a number of changes, including a rise in the standard deduction to $32,200 for married couples filing jointly.

The U.S. marginal tax rate is the additional tax paid for every additional dollar earned as income. Tax systems employing marginal tax rates apply different tax rates to different levels of income. As income rises, each additional bracket of income is ...

There are no new credits or deductions available for this filing season. However, the IRS has made its annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and the standard deduction. Without these tweaks, cost-of ...

Angelina County Commissioners held a public hearing on the proposed tax rate Tuesday and adopted an order setting it at $0.4829041 per $100 in taxable value. County Judge Keith Wright then suggested to fellow members of the court that action be delayed on ...

The House version of the budget reconciliation bill includes a provision to raise the corporate income tax rate from 21 percent to 26.5 percent and reintroduce a progressive rate schedule. Under the proposal, the amount of corporate income tax imposed ...