Millions of Americans may pay less tax in 2025 as the IRS explains how workers can claim new deductions on tips and overtime ...

The One Big Beautiful Bill (OBBB) has introduced some of the most substantial changes to the U.S. tax code in decades. While much focus has been on healthcare and social programs, the new tax ...

The IRS widened income ranges for most tax brackets, which could slightly reduce how much is withheld from paychecks.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Vithun Khamsong / Getty Images The ...

Billionaire Warren Buffet famously proclaims to pay a lower effective tax rate than his secretary, as he wrote in a New York Times op-ed. He does so by simply taking advantage of IRS rules that enable ...