Income Tax: The last date to file the income tax return (ITR) for FY 2024-25 will soon expire on September 15. If you have ...

All tax credits reducing that regular income tax are taken lines 47-53. Beginning on line 56, “other taxes,” including the net investment income tax (reported on line 60), are reported.

Here are the states where income taxes will be cut starting on Jan. 1, 2025, based on the Tax Foundation's analysis.

The latest IRS data on who bears the income-tax burden demonstrate yet again the benefits of lower tax rates over higher rates.