U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face ...

The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to ...

Trump is trying to push his 'big beautiful tax and spending bill through Congress. Here's who would benefit the most – and ...

Section 139 of the Income Tax Act, 1961 made the filing of Income Tax Return mandatory for individuals who earn money from any source. Over the last few years, filing income tax returns online has ...

Kansas reported unexpected individual income tax revenue growth during May to deliver a surprise $144 million to the state ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. President Trump has many times suggested that tariff revenue could replace the ...

Legislation that would have included tax cuts and an overhaul of state budget laws has stalled in the Louisiana Senate and is ...

So why did we institute an income tax? Were there any humans who knew what the reasoning was? And did the actions of 1913 lead to the Great Depression in 1929? There is a clear consensus among ...

For most people, income tax makes up the largest portion of the taxes they will pay over their lifetimes. It is also the UK Government's biggest tax source of revenue, accounting for 25 per cent ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

If so, it might be due to updated income tax brackets from the Internal Revenue Service. The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on ...

This would put the entire income tax burden on a tiny minority of people. This is already the case, to a certain extent. The top one percent of taxpayers currently pay about 40 percent of all ...