Tax brackets will shift upward for 2026, meaning more income will be taxed at lower rates before hitting higher tiers. The ...

In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...

Your 2026 paycheck may be about to get a boost: New and increased tax breaks from the 2025 Trump/GOP spending bill could allow millions of workers to increase their monthly take-home pay next year.

Bloomberg Tax & Accounting released its annual report Thursday projecting U.S. tax rate brackets, standard deduction amounts, and alternative minimum tax exemption amounts for the year ahead. The ...

The city of Chicago has a massive $1.1 billion budget gap to fill for 2026, and with Mayor Brandon Johnson promising not to once again pitch a property tax hike – which the City Council unanimously ...

Mayor Brandon Johnson on Tuesday pointed to a handful of tax-the-rich options he might consider to balance Chicago’s next budget, among them a corporate head tax. Johnson faces a daunting challenge as ...

Many restaurant workers will see some relief when they file their tax returns in 2026 as they will be able to exempt from taxation up to $25,000 of income made in tips. However, the tax break for ...

The Ohio House overrode Governor DeWine's veto of a provision banning replacement and emergency levies for schools. Two other property tax proposals, including allowing county budget commissions to ...

Dan is an assistant managing editor at Raw Story based in Colorado, producing and editing breaking political news. Dan previously worked as a news associate at The Associated Press in Philadelphia, ...

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"This bill prevents an over-$4 trillion tax hike and makes the successful 2017 Trump tax cuts permanent, enabling families and businesses to save and plan for the future," Senate Finance Chair Sen.