Fewer people have filed their returns this year, the IRS reports. Also, Tax refunds remain markedly smaller than the same time a year ago.
State and local tax deduction proved political conundrum for both parties since lawmakers demand more tax breaks come from critical swing districts.
Bill Gates, a renowned advocate for equitable taxation, has recently amplified his call for the ultra-wealthy to contribute more in taxes.
Leaders of Congress tax-writing committees announced a nearly $80B bipartisan deal to enhance tax breaks for businesses and low-income families.
US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families.
With Trump’s Tax Cuts Expiring, Taxes Could Increase for Most Americans After Next Year. Here’s How to Plan Ahead
For past few years U.S. taxpayers have lived under a time-limited reprieve in their federal tax burden thanks to legislation passed at end of 2017.
A number of states are lowering income taxes this year, putting more money into many Americans' pockets.