The One Big Beautiful Bill introduced an array of tax changes affecting seniors, service workers, car buyers and others.
Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.
Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1). Similarly, 40% of households had a $0 federal tax bill in 2022, under the ...
Still, residents who qualified for those tax breaks would lose out. A qualifying senior who can't claim the extra $6,000 deduction on a tax return would lose $360 to $390, estimated Richard Pon, a San ...
The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
Gov. Hobbs is pushing for middle-class tax cuts but the Arizona GOP accuses her of claiming credit of policies backed under ...
In early 2018, I remember sitting at my kitchen table, trying to make sense of how the 2017 Trump tax law was supposed to help families like mine. AP Photo / Patrick Sison Sign up for our Daily eBlast ...
The bill separates certain measures of the state's corporate tax code from specific provisions listed under the "One Big ...