Editorial Staff

The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.

From those with no individual income tax at all, to those with complex tax structures — a guide to most and least competitive states when it comes to individual income taxes.

From those with no corporate tax at all, to those that tax everything they can — a guide to most and least competitive states when it comes to taxing businesses.

The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.

States that do not assess the major taxes are more competitive than states with complex taxes with high rates.

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.

The latest data on how accounting firms spend time serving CAS clients, current and projected standard deductions, and other key metrics.

The latest data on where accountants are focusing their technology investments, what Gen Z values most in a future employer and other key metrics.

Accountants weigh in on which companies have cyber vulnerabilities, states with the highest tax collections per capita and other key metrics.

Accountants weigh in on which groups are most affected by the economy, the importance of certifications, and other key metrics.

Those earning between $30,000 and $40,000 filed 3,160,016 refundable CTC claims and received a total of $6,561,128,000 in refunds.

Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

The top state has a total tax burden of 12.02%.

Test your accounting knowledge on chief AI officers, Operation Hidden Treasure, and more. No. 2 pencil not required!

The top state takes in $7,200 in tax per capita.

Test your accounting knowledge on AI layoffs, the IRS Direct File program, and more. No. 2 pencil not required!