Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

How much will my tax refund be? According to the IRS, the average refund amount for 2025 stood at $3,186, 3.2% higher than 2024's average tax refund of $3,088. BankRate notes the lowest return amount ...

Income tax is a government-levied tax on income generated by individuals and businesses. Taxes are used to fund public services, government obligations, and infrastructure like schools and roads.

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. Investopedia / Photo Composite by ...

Jennifer Gartenberg, Managing Director at Mesirow, joins Jon Hansen on Your Money Matters to discuss tax-deferred contributions, HSA accounts, and annual gifting. Jennifer talks about maximizing your ...

Payroll officers handle this automatically, but understanding how to calculate PAYE tax yourself helps you confirm that your deductions are correct. Understanding how to calculate tax on your salary ...

When planning for retirement, most investors concentrate on what to invest in—stocks, bonds, cash, and other assets. But an equally important, and often overlooked, decision is asset location—which ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

There is a new calculator that shows how President Donald Trump’s “big, beautiful” law will affect your 2026 tax bill, and how much additional take-home pay you’ll be getting. The calculator, from the ...

A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans. The rule, which was created ...

With hundreds of provisions, the recently enacted One Big Beautiful Bill Act is certainly big. That being said, it’s not exactly the SECURE 3.0 Act, either. For instance, it doesn’t contain any direct ...