This proposed legislation seeks to replace the existing Income Tax Act of 1961, which has been in place for over 60 years.

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Leaders of the state's 10 community mental health centers Monday lobbied for a new tax on commercial insurance premiums to cover up to $20 million a year in free or uncompensated care they provide to ...

As House Republicans look for ways to slash spending to fund President Donald Trump’s tax cuts, they’ve floated proposals that could raise federal student loan bills for millions of borrowers.

Tax expert noted that the new bill is going to bring a 'transformative' shift in the country's taxation system by focusing on ...

Whitmer unveiled the plan Monday, Feb. 10. It would generate long-term road funding by increasing the corporate income tax, ...

Malliotakis created the Bonus Tax Relief for America’s Seniors Act and the Tax Relief Unleashed for Seniors by Trump (TRUST) ...

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

The IRS updates tax brackets every year, so it's always a good idea to check whether you're close to one of the cutoff points.

Catch up with the latest from the Mississippi legislative session with our weekly recap from the politics team.

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...