The IRS has unveiled the updated tax brackets and standard deductions for the 2025 tax year, reflecting adjustments for ...
Rep. Buddy Carter proposes the Fair Tax Act to overhaul the US tax code, replacing it with a national consumption tax and ...
In the United States, we are inaugurating a president who is of and for billionaires and an administration that is set to be ...
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!" ...
Donald Trump's signature 2017 tax cuts are set to expire in 2026, alongside the child tax credit benefits that were attached.
Donald Trump has alleged ‘discrimination’ against American companies and warned that he will double tax rates for foreign nationals and companies in the US, the FT reported.
US lawmakers grilled Treasury Secretary nominee Scott Bessent last Thursday, questioning the incoming Trump Cabinet member on ...
Temporary versions of bonus depreciation schedules, such as the one in Tax Cuts and Jobs Act, appear to be low-cost, since ...
On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...