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The U.S. tax system was originally designed with a clear principle: those with the greatest ability to pay should bear the largest burden, a philosophy that shaped modern policy.
The IRS has officially released the inflation-adjusted federal income tax brackets and standard deduction amounts for the 2026 tax year.
The IRS will stop issuing paper checks for tax refunds starting September 30, shifting to electronic payments to improve security and speed up delivery.
The U.S. Treasury has proposed new rules for a federal tax deduction allowing workers to deduct up to $25,000 in tip income annually from 2025 to 2028.
The U.S. Treasury has issued new guidance specifying which of the 68 occupations qualify for the 'No Tax On Tips' deduction and the rules for claiming it.
