IRS Audits Focus on High-Income Earners, Lower for Others
The IRS has increased its audit rate for wealthy individuals and corporations in 2024, fulfilling a pledge made by the B...
House Republicans Push Back on Senate Tax Bill Changes
House Republicans from states with high costs of living are voicing concerns about proposed Senate changes to a key tax...
Earle-Sears Proposes Tax Cuts in Virginia Gubernatorial Bid
Virginia Lieutenant Governor Winsome Earle-Sears, a Republican vying for the governor's seat, has announced her "Axe the...
Trump Tax Bill Passes House by Single Vote After Late-Night...
House Republicans narrowly passed a sweeping tax bill after a grueling late-night session. The vote, held late Thursday,...
GOP Tax Package Estimated to Cost $3.94 Trillion
A new report from the Joint Committee on Taxation estimates the Republican tax plan could increase the national debt by...
GOP Eyes Overtime Tax Break to Woo Working-Class Voters
Republicans are considering a new proposal to eliminate taxes on overtime pay for American workers. Supporters believe t...
House Approves Tax Cut Bill; Senate Hurdles Remain
The House of Representatives passed a significant tax cut bill, fulfilling key campaign promises made by President Trump...
House Passes Tax Bill with Increased SALT Deduction Cap
The House of Representatives has approved a tax bill that includes an increase to the State and Local Tax (SALT) deducti...
Democrats Forecast GOP Losses Over Trump Tax Cuts
Democrats are predicting that Republicans will face consequences in upcoming elections after passing former President Tr...
Trump's Tax Cut Proposal: Tips and Overtime Pay Explained
Former President Donald Trump has proposed eliminating federal income taxes on tips and overtime pay. This policy shift...
House to Vote on Trump's Tax and Healthcare Bill After Commi...
A major bill backed by former President Trump is heading to a full vote in the House of Representatives after clearing t...
House Republicans Struggle to Unify Behind Key Bill
House Republicans are facing internal disagreements over a comprehensive legislative bill, creating challenges for Speak...
No Tax on Tips: What It Means for Workers and Consumers
A new proposal in Congress aims to eliminate taxes on tips, potentially benefiting tipped workers like waiters and deliv...
House Republicans Reach SALT Deduction Deal
House Speaker Mike Johnson has struck a tentative agreement with Republican lawmakers from states with high taxes to inc...
Senate Unanimously Approves 'No Tax on Tips Act'
The Senate has unanimously passed the 'No Tax on Tips Act,' a bill that would eliminate federal income taxes on gratuiti...
GOP Bill Outlines Tax Cuts, Medicaid Changes, and Spending S...
A new Republican bill aims to enact key parts of former President Trump's agenda. The proposal includes significant tax...
SALT Debate: GOP Divided Over Tax Hikes for Wealthy in Blue...
Republicans are clashing over a proposal to raise taxes on wealthy individuals in blue states as part of ongoing SALT (s...
SALT Deduction Debate: Impact on Taxpayers Nationwide
A proposal to reinstate the state and local tax (SALT) deduction is sparking debate across the country. Critics argue th...
Partisan Battle Looms Over Trump's Tax Plan in Key Meeting
A high-stakes meeting is set to take place today as Republican and Democratic lawmakers clash over former President Dona...
Tax Bill Details Released: No Millionaire Tax Hike Included
House Republicans have revealed the complete text of their proposed tax overhaul. President Trump has touted the bill as...
House Republicans Release Tax Plan, SALT Debate Looms
House Republicans have revealed the details of their proposed tax plan, a key part of President Trump's agenda. The plan...
House Republicans Unveil Tax Plan Details
House Republicans have released the details of their proposed tax plan, marking a key development in tax reform efforts....
Republicans Plan to Extend Trump Tax Cuts
House Republicans are working on a plan to keep the Trump tax cuts in place and even expand them. The proposed tax cuts...
GOP Tax Plan Faces Hurdle: State and Local Tax Deduction
President Trump's tax agenda is facing a challenge from within his own party. A group of Republicans is raising concerns...
New York Republicans Oppose SALT Tax Break Proposal
Key Republican lawmakers from New York are rejecting a proposed change to the state and local tax (SALT) deduction, call...
Trump Floats Tax Hike on High Earners Above $2.5 Million
Former President Trump is reportedly considering a new tax bracket for individuals earning over $2.5 million annually. I...
Designated Beneficiaries: A Vital Part of Estate Planning
While a will is important for estate planning, it's often not enough. Designating beneficiaries for accounts like retire...
Trump Threatens Harvard's Tax-Exempt Status Over Free Speech
Former President Donald Trump has threatened to revoke Harvard University's tax-exempt status, citing concerns over free...
Republicans Consider Trump's Tax Cut Proposals
House Republicans are currently debating whether to incorporate President Trump's proposed tax cuts into their upcoming...
Trump Threatens to Revoke Harvard's Tax-Exempt Status
Former President Donald Trump announced Friday his intention to revoke Harvard University's tax-exempt status. This acti...
Mississippi Poised for Economic Shift with Income Tax Elimin...
Mississippi is on the verge of becoming the tenth state in the U.S. to eliminate its state income tax. Governor Tate Ree...
Trump Vows to Revoke Harvard's Tax-Exempt Status
Former President Donald Trump announced Friday his intention to revoke Harvard University's tax-exempt status. Speaking...
GOP Debate Over SALT Deduction Threatens Tax Bill
A growing disagreement among Republicans about the state and local tax (SALT) deduction is creating challenges for Presi...
Trump Floats Income Tax Cuts, Possible Elimination, Tied to...
Former President Donald Trump has suggested potential income tax cuts, and even elimination for some, linked to revenue...
Harvard's Tax-Exempt Status: A Closer Look
Harvard University, similar to many colleges and charitable organizations, benefits from tax-exempt status. This exempti...
IRS Weighs Revoking Harvard's Tax-Exempt Status
The IRS is reportedly considering revoking Harvard University's tax-exempt status. This potential action marks a signifi...
Hawley Proposes Tax Cuts for Working-Class Voters
Senator Josh Hawley is calling on Republicans to prioritize tax cuts for working-class Americans. The Missouri senator s...
Trump Floats Tariff Idea to Replace Income Tax
Former President Donald Trump suggested that tariffs could potentially replace the income tax system in the United State...
Using Your 401(k) to Pay Off Credit Card Debt: A Risky Move?
Tackling credit card debt can feel overwhelming, and tapping into your 401(k) might seem like a quick fix. However, with...
Understanding U.S. Income Taxes: A Simple Guide
Income taxes can seem complicated, but they're a key part of how the U.S. government funds important services. This arti...
Rep. Himes: SALT Cap Increase in Trump Bill Benefits Connecticut
Connecticut Representative Jim Himes believes a provision in a Trump-era tax bill could help his constituents. Despite v...
House Passes Trump's Tax Overhaul Bill: Key Changes Explained
The House of Representatives passed a major tax overhaul bill championed by former President Trump early Thursday. The l...
SALT Deduction Increase: Who Benefits from the $40,000 Cap?
A recent House bill proposes raising the state and local tax (SALT) deduction cap to $40,000. This change could signific...
House Approves Budget After Close Vote, Heads to Senate
The House of Representatives narrowly passed a budget bill after a lengthy overnight session. The legislation focuses on...
SALT Deduction Fight Threatens Federal Spending Bill
A battle over SALT deductions could derail President Trump's proposed federal spending bill. SALT, or State and Local Ta...
GOP Tax Bill: Who Benefits Most and How Much?
A proposed tax bill is being debated, and its potential impact on different income levels is a key point. Analyses sugge...
Lawmakers Fight to Save IRS's Free Direct File Tax Program
A battle is brewing over the IRS's Direct File program, which allows taxpayers to file their taxes for free. Reports sug...
IRS Weighing Harvard's Tax-Exempt Status
The Internal Revenue Service (IRS) is reportedly considering whether to revoke Harvard University's tax-exempt status. S...
Trump Threatens Harvard's Tax Exemption Amid Funding Freeze
Former President Donald Trump has threatened to revoke Harvard University's tax-exempt status after freezing $2 billion...
Trump Targets Harvard's Tax Exemption After Freezing Funds
Following a decision to freeze $2 billion in funding for Harvard University, former President Trump has set his sights o...
IRS Tax Extension: How to Request More Time to File
Need more time to file your taxes? Filing a tax extension with the IRS is a straightforward process. This grants you ext...