Taxpayers won’t have many complaints about the retroactive tax cuts that took effect this week, but the retroactive tax hikes ...

Congress is debating whether to increase the cap on state and local tax (SALT) deductions, which would generally decrease the ...

State lawmakers passed a slew of bills in both regular and special sessions in 2025 that become laws on July 1.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...

Florida lawmakers, acknowledging public anxiety over a rocky economy, have passed a budget that includes $1.3 billion in tax ...

Kincannon said the city sales tax on groceries would stay the same at 2.25% plus the state's 4% sales tax (for a total of 6.25%). The sales taxes on other items would increase to 2.75% locally and ...

At nearly 900 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities.

Senate Republicans on Tuesday jammed through a major package advancing President Trump’s tax priorities, paid for by a host of cuts to the social safety net, including Medicaid and food ...

Other new state laws include changes to income tax, vehicle emissions, cannabis, wagering, abortion funding and solar siting.

Illinois drivers face another gas tax hike July 1, despite already paying the nation's second-highest rates. Starting July 1, ...

Effective tax rate is your average tax rate as a percentage of your total income. Learn how effective tax rates differ from tax brackets, also known as marginal tax rates.

A proposal to pause a planned tax hike on retail cannabis has set off alarm bells among child safety advocates whose ...