Republican senators introduced legislation on Tuesday that would create an income tax deduction for overtime wage earners – a bill they say fulfills President Trump’s “no tax on overtime ...

President Donald Trump on Friday said his administration would revoke Harvard University’s tax-exempt status, escalating his fight with the nation’s oldest institution of higher education.

Tax season is nearly done, which means last-minute filers are just beginning their sprint to submit their income-tax returns. Tuesday is Tax Day, the last day to pay any owed 2024 income taxes.

House Republicans are split over whether they would consider raising taxes on the wealthiest Americans as GOP lawmakers negotiate ways to pay for President Donald Trump's multitrillion-dollar agenda.

Research consistently shows that many Americans misunderstand how their income is taxed, which experts say could help explain why many people are disgruntled with the U.S. tax system. About 55% of ...

A series of tax proposals from House and Senate lawmakers aligned with President Donald Trump promises to reshape the federal tax code—particularly in ways that could fundamentally alter estate ...

Where federal tax brackets and rates will land next year depends whether Congress extends the 2017 tax cuts for individuals that expire at year-end. That law kept the former seven brackets ...

Taxes apply to Social Security benefits at low income thresholds. As benefits rise annually due to cost-of-living adjustments, a growing number of recipients will likely be taxed on Social ...

But what if hiring the right person for the job could also earn you a tax break with the Internal Revenue Service (IRS)? That's what the Work Opportunity Tax Credit (WOTC) is designed to do.

PORTSMOUTH, Va (WAVY) – SITW HimBess joined HRS for Live Music Friday to perform his songs, “Gotta Believe” and “Can’t Do This No More.” You can find his music on Apple Music ...

Today is Tax Day, which means many taxpayers in the United States may be scrambling to file their forms ahead of the looming deadline. If you're among those who procrastinated your taxes ...

The new financial year FY26 has kicked off, and taxpayers are meant to file their income tax returns under one of the two regimes. Mint deconstructs the key points to be considered before choosing ...