For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

Something "Big" but not so "Beautiful" is raising alarm bells in the Las Vegas tourism industry, but international tourists are unaffected.

A few strategies can help you avoid handing over more than necessary to the IRS ... income for the year. Staggering withdrawals more equally over the distribution period will make it less likely that ...

Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

President Donald Trump signed the so-called One Big Beautiful Bill (OBBB) into law Friday, a budget that will have ...

The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be made. Firms play a role in helping understand these important updates. They ...

Georgia's flat income tax rate drops from 5.39 percent to 5.19 percent, and there is a boosted child tax credit.

WASHINGTON (AP) — The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an ...