#federal-income-tax

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#retirement-planning #social-security-taxation #401k-withdrawals #provisional-income #palantir-technologies
Retirement
from24/7 Wall St.
3 hours ago

The 1984 Rule That Turns a $35,000 401(k) Withdrawal Into a $60,500 Tax Event

Provisional income thresholds make Social Security taxation jump, causing 401(k) withdrawals to face much higher effective marginal tax rates than bracket tables suggest.
fromTruthout
3 weeks ago

Palantir Paid $0 in Federal Income Tax in 2025 While Raking in Taxpayer Funds to Surveil Americans

Palantir Technologies, despite earning $1.6 billion in net income last year, did not pay any federal income taxes due to favorable tax policies that allow corporations to dodge taxes.
European startups
fromBusiness Insider
4 months ago

Tax season is about to begin. Here's what you need to file taxes and avoid missing a deadline.

It's that time of year again. Tax season is about to begin, and most Americans need to complete their 2025 filings by Wednesday, April 15. To avoid missing a deadline or paying a penalty, plan to check your local tax dates and income paperwork as soon as possible. Here's everything you need to know about taxes in the new year.
Business
US politics
fromFortune
7 months ago

New 2026 tax brackets are here: What higher thresholds and a bigger standard deduction mean for paychecks and the top 1% | Fortune

2026 tax law keeps seven rates, raises income thresholds and standard deductions, modestly reducing taxable income for most households while the 37% top rate applies only at very high incomes.
US politics
fromGothamist
7 months ago

You should report Gov. Hochul's 'inflation refund' checks on your taxes

New York's $2 billion inflation rebate is subject to federal income tax and recipients must report it on their 2025 federal tax returns.
US politics
fromAbove the Law
8 months ago

Travis Kelce's And Taylor Swift's Wedding Could Result In A Higher Tax Bill Due To The Marriage Penalty - Above the Law

Marriage can trigger a U.S. federal 'marriage penalty' causing higher taxes or lost deductions for many couples, especially high-income households.
fromSFGATE
8 months ago

1.9 Million Retirees in North Carolina Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The OBBBA created a deduction specifically for seniors: $6,000 for individuals over age 65 and $12,000 for qualifying couples, increasing the total deductions significantly.
US politics
US politics
fromFast Company
10 months ago

'No Tax on Tips' is now the law: What workers should know about timeline, how paychecks will be impacted

The "No Tax on Tips" provision allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes.
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