CBS News reports that tipped workers earning up to $150,000 (or $300,000 for couples) can deduct up to $25,000 in tips per ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts. Recent history casts ...

Lana Pol, president of Geetings, Inc., a trucking and warehousing company in Iowa, detailed what the 2017 Tax Cuts and Jobs Act (TCJA) have meant for her business.

More: Gov. Stitt, legislative leaders announce budget deal including tax cuts, tort reforms According to an analysis by the Oklahoma Policy Institute, a nonpartisan Tulsa-based think tank, cutting ...

The quarter-point cut will reduce Oklahoma's income tax rate to 4.5% for most earners, while costing the state between $160 million and $300 million a year in lost revenue, according to varying ...

But the right online tax-filing software can save you time, money and stress. CNBC Select has chosen the best tax-prep programs for small business owners, self-employed workers, freelancers, sole ...

Goldman Sachs economists led by Jan Hatzius noted in the report published Monday that the proposed tax cuts are larger than anticipated, by about 0.1% to 0.2% of gross domestic product (GDP) over ...

Taxpayers in high-income, high tax “blue” states like Minnesota were major losers in Trump’s 2017 tax plan because it capped the deductibility of state and local taxes (SALT) at $10,000.

But tax cuts clearly didn’t help Republicans, and the impression that they favored the rich may have hurt. The 2025 tax law is heading in the same direction as its 2017 predecessor.

According to Congress’ Joint Committee on Taxation, ending the tax loophole for credit unions would raise $3 billion to $4 billion annually, money that would be much better allocated to pro ...

The House of Representatives unveiled a sprawling piece of tax legislation earlier this week that would extend temporary tax changes enacted in 2017 and layer various kinds of tax cuts and increases ...