Once upon a time, the idea of simplifying the federal tax code enjoyed widespread bipartisan political support. Times have ...

Federal tax and spending legislation signed into law by President Donald Trump on July 4 delivers substantive benefits to the ...

The Treasury Department and the IRS will need to roll out guidance on to explain the bill's newer provisions and how they differ from earlier tax legislation.

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction ...

There’s only one known instance of a church losing its tax-exempt status because it violated the Johnson Amendment, but ...

Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...

Bloomberg Tax reporter Chris Cioffi breaks down what Congress could tackle next on the tax front, following the enactment of ...

Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file taxes.

The bill includes several tax-related initiatives, one of which is the elimination of tax on tips. Here's what to know.

NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent ...

Sen. Ron Wyden, the ranking Democrat on the Senate Committee on Finance, which oversees the IRS, told ProPublica the system ...

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the ...