Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

States must now decide whether to participate, with their decisions determining the federal credit’s availability to ...

What is the capital gains tax? Start the day smarter. Get all the news you need in your inbox each morning. Let's start at the beginning. What are capital gains? Capital gains ...

With inflation holding steady, Bloomberg Tax & Accounting predicts that tax brackets and inflation-adjusted amounts will increase slightly. Combined with changes under the new tax law, your tax ...

President Trump's signature tax law drew the most headlines, but FP covered the "T" intersection with wealth management from ...

This deduction could significantly reduce tax bills for millions of tipped workers, but only if they maintain accurate records. One expert explains how you can ensure you get this tax break this year.

At the start of each year, the IRS announces when taxpayers can start filing their annual returns — an eagerly awaited date given that many workers will receive their tax refunds just weeks later. The ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

During the Supreme Court’s flurry of end-of-term activity, another seismically consequential decision largely escaped notice. Its ruling in Moore et ux. v. United States, which upheld a tax on ...

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.

As if grocery prices weren’t high enough, some states levy a “food tax” which adds an extra financial burden on families. As many as 18 million households experience food insecurity in the U.S., ...