The president and his Senate allies have cited inaccurate claims about their tax and policy bill. As President Trump sought ...

GOP tax and spending bill would create a tax deduction for workers in tipped occupations. But not all would lower taxes for ...

Evers said the budget also includes individual income tax cuts proposed by Republican leaders that will reduce state income tax collections.

Several new laws are taking effect in Mississippi on July 1, 2025, including one that will gradually eliminate state income ...

Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Taxpayers should be aware of how adjustments to taxable income imposed under exam may affect the year under exam as well as other open tax years. In contrast to some adjustments made for ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 pages of tax-related changes, including several breaks for high earners. It ...

The Child Tax Credit phases out by $50 for every $1,000 above the income threshold. Question 3: A taxpayer paid $5,000 in tuition for their dependent’s undergraduate education.

Trump says income tax cuts, and perhaps elimination, coming due to tariffs 'Focus will be on people making less than $200,000 a year,' he noted. By Alex Nitzberg Fox News.

The Income Tax Appellate Tribunal (ITAT) in Kolkata addressed an appeal filed by the Income Tax Officer (ITO) against an order passed by the Commissioner of Income Tax (Appeals) [CIT(A)]. The dispute ...

As April begins, so does a new financial year. But what’s changing in the world of taxation this time? From revised tax slabs to basic concepts of taxation, here’s everything you need to know. Also, ...