That's because the IRS makes annual inflation adjustments to many tax provisions, which could help offset the impact of rising prices. Here’s more of what you need to know, starting with some ...

The Internal Revenue Service (IRS) has released the new tax brackets and standard deduction amounts for the 2025 tax year, ...

The U.S. economy is staring down the barrel of a tax increase to the tune of several hundred billion dollars. If the Trump administration follows through with its threats (never a sure thing ...

For more information about how the IRA can impact ACA premiums, see: The Inflation Reduction Act Will Boost Obamacare Tax Credit. To support clean energy, the IRA provides new tax credits.

The Inflation Reduction Act also make some major changes to the EV tax credit, in order to help combat climate change. For qualifying electric vehicles placed into service in 2023, the Inflation ...

The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government's temporary tax break came to an end mid-month, Statistics Canada said Tuesday. That marks ...

Gift 5 articles to anyone you choose each month when you subscribe. Eight independent MPs led by Allegra Spender have called on the federal government to index income tax thresholds to inflation ...