Some U.S. homeowners may soon get a sizable tax break thanks to the massive budget package that was passed by the House early Thursday. The legislation — dubbed the One Big Beautiful Bill Act — ...

The Republican tax law's bonus depreciation provision is expected to cost $362.7 billion over the next ten years, with ...

OBBBA generally maintains the current individual income tax brackets set by the TCJA, ensuring no increase in the marginal rates. Thus, 37% remains the highest rate for ordinary income and 20% for ...

The IRS has released provisions from the One Big Beautiful Bill Act (OBBBA) for workers who can claim deductions for the 2025 ...

The new tax legislation, part of the "One Big Beautiful Bill", includes a temporary tax break for overtime pay, allowing eligible workers to deduct a portion of their overtime earnings from their ...

TULSA, Okla. – The Nevada Congressional delegation and professional gamblers have taken to social media and the halls of Congress to sound the alarm on what they say is an ugly tax provision tucked ...

We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees." ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

Some experts are warning that a proposed tax in Trump’s budget bill could negatively impact foreign investment in the U.S. Donald Trump’s so-called Big Beautiful Budget deal contains a new tax ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

One provision in President Donald Trump’s major tax cuts and spending bill would have led hundreds of thousands of U.S. citizens to lose their jobs, and it’s now it’s dead. It’s the so-called “revenge ...

ATLANTA, May 29, 2025 (GLOBE NEWSWIRE) -- Lucasys, the leading tax software and service provider for energy and utilities, announces the release of its Tax Provision software solution. Purpose-built ...