Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation. However, ...

To account for inflationary changes, Minnesota is boosting the income ranges in its four tax brackets by 2.37% next year.

This year, 39 states had notable tax changes, with some that began on Jan. 1, and others set to take effect on July 1. Nine of these states cut their individual income tax rates for 2025. The most ...