Income taxes

Congressional Republicans returning to Washington on Monday will tackle their toughest test yet, negotiating a massive tax bill package.

The total lifetime tax amount in the highest-paying state is $755,493.

When staff use this SmartProof worksheet, they have a method to self-check and self-review their own work and fix any errors before it goes to the reviewer.

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including expanding the state and local tax deduction.

Michael Saylor's Strategy will implement new accounting for crypto assets, where changes to the value of its Bitcoin holdings will go on the income statement.

Nine states are cutting their individual income tax rates in 2025.

President Trump reiterated his pledge to eliminate taxes on income from tips during a rally in Las Vegas, where the hospitality and service industry is dominant.

The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.

The mood in markets and the financial situation are starkly different from 2017, when Trump and congressional Republicans passed a deficit-expanding tax cut.

Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.

Newly expanded and improved tools will be available when tax season kicks off this month.

About 20 GOP House members from New York, New Jersey and California were invited to Mar-a-Lago ahead of a looming fight over the 2017 tax cuts.

From those with no individual income tax at all, to those with complex tax structures — a guide to most and least competitive states when it comes to individual income taxes.

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

An Atlanta court ruled in favor of a Biden administration Department of Labor guideline reclassifying many freelancers as full-time employees.

A New York Republican congressman says that lifting the cap on state and local taxes will be crucial to getting Trump's tax overhaul through the House.

Who controls how many branches of government is having repercussions at every level.

Illinois voters approved a nonbinding proposal to add an extra 3% levy on annual incomes of more than $1 million, which could fuel a new effort to raise taxes on the state's highest earners.

With 2025 nearly here, year-end tax strategies including gifting, charitable donations, estate planning, retirement plans and more are on the table.