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 ...

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

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 ...

Struggling households are facing inflation-busting council tax rises next month - with the overwhelming majority imposing the maximum allowed. Average bills are set to soar 5 per cent in the ...

Inflation in Canada grew at the fastest pace in eight months, further limiting the central bank’s ability to cut interest rates amid a trade war that will both slow economic growth and boost ...

OTTAWA (Reuters) -Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices higher ...

OTTAWA - Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month. Statistics Canada is set to ...

Large council tax rises may come as an unpleasant surprise to many. There have been no large annual rises in Scotland for some 20 years. While inflation is currently running at 3% – well down on ...

OTTAWA (Reuters) -Canada’s annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices ...