Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...

The One Big Beautiful Bill Act (OBBBA) updates estate, gift and charitable rules, raises exemptions and adjusts SALT ...

Federal tax rules for retirees are shifting again, and this time the stakes are higher for anyone living on a mix of Social ...

The Death Tax Repeal Act of 2025 represents the latest Republican-led effort to eliminate federal estate and generation-skipping transfer taxes, reigniting a decades-long debate over wealth taxation.

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000. President Donald Trump promised to ...

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

As the Social Security Administration issues retroactive payments under the newly enacted Social Security Fairness Act, millions of retirees are celebrating increased benefits. However, while this ...

The One Big Beautiful Bill Act, which President Donald Trump signed into law last week, reduces the federal tax on transfers of firearm sound suppressors, short-barreled rifles, and short-barreled ...

Prodded by Democratic leaders in both chambers to act soon, a Senate Finance subcommittee on Wednesday sorted through options for helping Virginians who might pay higher state taxes this spring ...

A new bill has been introduced that would eliminate federal taxes on Social Security income. Democratic Senator Ruben Gallego of Arizona introduced legislation last week that would permanently end ...

The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000. President Donald Trump promised to ...