Higher income taxpayers – those with modified adjusted gross income exceeding $500,000, or $250,000 for those married filing separately – won’t be able to take full advantage of the $40,000 deduction.

On Wednesday, in the ninth month of fiscal year 2026, the House worked on a $1.8 billion spending bill, which replenishes ...

A bill that would align South Carolina’s tax code with the federal has moved out of the Senate Finance Committee.

Speaker Ronald Mariano says he thinks if a proposal to cut the income tax to 4% from 5% makes it to the November ballot, it ...

The 2025 One Big Beautiful Bill Act (OBBBA) reshaped large portions of the tax code, triggering significant changes for millions of Americans in 2026. The updates affect tax brackets, deductions, ...

Seniors get a generous new tax deduction, but there's only a limited time to claim it.

The One Big Beautiful Bill contains numerous changes to the tax code that could affect your tax return for 2025. Kelly Sikkema Unsplash Filling out your tax 2025 tax return may go a little differently ...

DC and Congress are involved in a tax battle over the changes included in President Trump's One Big Beautiful Bill Act.

Add Yahoo as a preferred source to see more of our stories on Google. Sen. Anthony Broadman, D-Bend, speaks on the Senate floor on Thursday, June 26, 2025. Broadman is among Oregon Democrats proposing ...

Business owners across Long Island can attest to the importance of working with trusted CPAs who can offer valuable tax guidance and help navigate concerns about inflation, interest rates and economic ...