v3.25.2
Income Taxes
6 Months Ended
Aug. 02, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

The effective tax rate for the second quarter of 2025 was 23.8% compared to 17.8% for the second quarter of 2024. Year to date, the tax rate was 25.0% and 3.4% for 2025 and 2024, respectively. The 2024 tax rates reflect the recognition of net favorable tax items, which decreased the tax rate from the statutory rate.

On July 4, 2025, the One Big Beautiful Bill Act (the "Act") was enacted and signed into law. The Act restores and makes permanent a number of corporate tax provisions, such as full expensing for US-based research and development expenditures and capital investments, as well as the calculation of the business interest expense limitation. The Company has evaluated the provisions of the Act and determined that while the legislation impacts the timing of certain tax deductions, it does not result in a material change to Kohl's effective tax rate.