Explore how the potential elimination of income taxes under President Trump's plan could reshape your financial landscape.

Did you know that individual income taxes accounted for 49.3% of total government revenue in fiscal year 2024? How about that ...

Looking forward, Republican lawmakers will have to weigh which popular tax breaks and deductions could be eliminated or reduced to make their budget work. Federal ... resign? Find out how IRS ...

What the town’s potential loss of a paper mill means for efforts to revitalize its downtown and the economy, and what other cities like it might learn from it. Leaders in Chillicothe, a city of about ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...

Some folks don’t file taxes simply because they don’t earn enough, but they could be missing out on a significant tax refund.

Tax Day was on April 15, when every taxpayer in the country – be it individuals or businesses – had to file their federal tax repayments. Few of the states and regions on the East Coast were ...

Republicans are set to increase the $10,000 cap on state and local tax deductions as part of ... tax overhaul imposed a $10,000 cap on federal deductions for state and local taxes.

Preston is a research fellow for tax policy in The Heritage ... resulted from the breakneck pace of federal spending during the early 2020s. By the time deductions for machinery and equipment ...

Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.

You need to itemize to take a tax deduction ... If you itemize your deductions, you can also deduct the $3,000 gift to charity. Contact your brokerage firm and the charity to find out about ...