The IRS has unveiled the updated tax brackets and standard deductions for the 2025 tax year, reflecting adjustments for ...

If enacted, the national consumption tax rate would be a tax-inclusive rate of 23% as of the 2027 tax year. Realistically, ...

Senator Elizabeth Warren penned an open letter to the Department of Government Efficiency (DOGE) Chair, Elon Musk, proposing ways the federal government could cut wasteful spending. According to the ...

What Might Happen with Taxes in 2025? Taxes are a major topic for 2025. With many provisions from the Tax Cuts and Jobs Act set to expire on Dec. 31, 2025, individuals and businesses alike are ...

A New York Republican says that President Trump supports reverting to an unlimited deduction for state and local taxes, ...

Musk initially responded to a post on X, which made a note about the thousands of pages in the U.S. federal tax code. The billionaire wrote that the "tax code needs drastic simplification!" ...

The decisions that policymakers make could leave many millions of people much worse off while extending and increasing tax ...

Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are ...

Mike Sylvester covers tax policy with a focus on small businesses. The federal tax code is extremely complicated and difficult to understand. Each state (and the District of Columbia) with an ...