But the math doesn’t add up. In 2023, the U.S. imported $3.1 trillion worth of goods but collected about $2 trillion in personal and corporate income taxes. According to the Peterson Institute for ...

A campaign to eliminate property taxes in Ohio is collecting signatures to bring the issue to the ballot in November.

Did you know that California residents now own $9.5 billion of residential property in Montana? They enjoy the ability to vacation here without paying a dime in Montana income tax.

Financial planners aren't free, but a professional might be worth the cost if they can help you navigate your investments and ...

And so, like my father before me, I've always done my own income taxes. When I first started filing on my own, I fell into the one job 1040EZ form camp. This was still before home computers.

Congress’s own official tax scorekeeper is predicting a “revenge” tax buried in Donald Trump’s massive fiscal package would ...

If you run a business with a C corporation – meaning the Internal Revenue Service treats it as an independent taxpayer that files and pays its own taxes – you can use Form 1120 as a guide when ...

The top five groups included: North Carolina's 'No Tax on Tips, Overtime, Bonus Pay' Bill In North Carolina, state lawmakers are working toward their own version of a bill addressing taxes on tips, ...

The bill includes GOP priorities like no taxes on tips or overtime, cuts to Medicaid, "Trump accounts" for children and several other provisions. The process is far from over, even after House ...

The deduction reduces the amount of income that is actually subject to income tax. There is also a temporary $500 increase in the child tax credit, bringing it to $2,500 for 2025 through 2028. It then ...

The manager’s amendment did not make changes to the original bill’s denial of deductibility of state and local taxes for passthrough entities. The bill does not allow specified service trades or ...

"Oh, he doesn't want to read it. This is in their bill. They don't want to read a line from their own bill," she said, as the back-and-forth continued. "This is amazing." Rep. Gwen Moore (D-WI ...