The One Big Beautiful Bill Act, an extension of the 2017 Tax and Jobs Cuts Act, poses significant challenges to Houston's ...

Here's what it would look like for Iowa if those policies become law as part of reconciliation bill in Congress ...

A homestead exemption is a tax break that lowers the taxable value of a person’s primary residence. For example, with a 20% ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Senate Republicans’ tax bill raises the ‘SALT’ deduction cap to $40,000. Here’s who could benefit from the change.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

Martin County had a tax break program, too, but it failed, Kryzda told TCPalm. "When Martin County first rolled the program out in 2012, for 10 years, they did not have one company take advantage ...

Fundamental to the package is the extension of some $4.5 trillion in tax breaks approved during Trump’s first term, in 2017, that are expiring this year if Congress fails to act.

For the 2025 tax year (taxes due in 2026), eligible taxpayers can exclude up to $130,000 of their foreign earned income (that’s up from $126,500 for the 2024 tax year).

Tax evasion is the intentional act of avoiding paying taxes. It typically involves deliberately misreporting income, inflating deductions, concealing assets or failing to file tax returns.

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face a net loss of income under his massive tax and spending bill in ...