Stories Tagged as
Tax brackets
The 2024 tax bracket changes and what they mean
by
Kimberly Adams
and Sofia Terenzio
Jan 15, 2024
To keep up with inflation, tax brackets are adjusted every year using a measure calculated by the IRS. What adjustments were made this year?
IRS updates tax brackets in response to inflation
Nov 11, 2021
The IRS adjusted more than 60 tax provisions, including rate schedules, to take rising prices into account.
Why does our tax system have brackets?
by
Janet Nguyen
Oct 14, 2021
Each bracket covers a range of incomes, but the rates increase for those who make more.
The turf war over taxes
by
Ryan Kailath
Feb 20, 2018
New polling shows that public sentiment is growing more favorable toward the recent tax law. Maybe chalk that up to the little extra money many people are seeing in their paychecks as a result of new tax brackets. But in Washington, D.C., there’s still a fight going on about the new tax code — specifically, […]
Born in the year of tax reform
by
Kai Ryssdal
Dec 22, 2017
Two 31-year-olds discuss the changes to a tax code that hasn't seen major reform since they were born.
How many tax brackets do we need?
Dec 4, 2017
The GOP has promised its tax plan would ultimately create a simpler tax system for individuals. Key to that is a reduction in the number of tax brackets from the current seven. The House bill does that, taking them to four and lowering the rates. The Senate, though, sticks with seven, albeit at slightly lower […]