Elon Musk’s Department of Government Efficiency is shaking up the Internal Revenue Service, running into resistance from ...

The U.S. tax system privileges wealth accumulation over income earned from work, allowing the ultrarich to exponentially grow ...

Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...

Trump’s proposal, if implemented, would exempt anyone earning below $150,000 — about ₹1.3 crore a year — from paying taxes.

A free government tax filing programme, known as IRS Direct File, has garnered attention for its efficiency and ease of use, ...

With the 2025 tax season underway, the IRS Free File partnership could be just what you need to get your taxes done with ease ...

The fate of the IRS Direct File program is unclear as Elon Musk and the Department of Government Efficiency cleave their way ...

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax ...

The Servicemembers Civil Relief Act grants special protections to military service members and their spouses so that they don ...

Because they are imposed under Title 31, taxpayers’ foreign bank account reporting failure penalties were not subject to the Code’s procedural requirements, the Tax Court held.

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides ...

States often vary on whether the NOL deduction is limited to a certain amount or percentage of taxable net income for the tax year, as well as the length of NOL carryforward periods (and in limited ...