The Inflation Reduction Act imposed a 15-percent “alternative minimum tax” on large corporations in 2022. The idea was to keep big companies from using complex accounting tricks and IRS loopholes to ...

COLUMBUS – Ohioans who received unemployment benefits in 2020 won't have to pay income taxes on the first $10,200 they received. The change, in a bill signed by Gov. Mike DeWine Wednesday ...

The federal estate tax doesn’t apply unless you hit a certain exemption amount. The exemption amount for people who pass away in 2025 is $13.99 million (up from $13.6 million last year).

Senate Majority Leader John Thune (R-SD) said Tuesday that he expects “no tax on tips” and other exemptions Trump promised on the campaign trail will stay in the megabill, though he ...

BROOMFIELD, Colo., June 16, 2025 /PRNewswire/ -- With nearly 27 years of proven success helping clients resolve tax debt, 20/20 Tax Resolution is proud to announce the continued growth of ...

However, the IRS usually taxes that money. If tips are part of your pay, the federal tax agency treats every dollar you receive, whether left on the table in cash or added to a credit card receipt ...

The group, called the SMART Initiative, is seeking a citizens’ initiative to extend the existing quarter-cent tax with no increase for 30 years.

“It was one of the main reasons why our tax cuts were so successful in our first term,” he said. Trump also offered a new detail, saying the investment deductions would be retroactive to Jan. 20.

H&R Block’s first quarter results were met with a negative market reaction, despite the company surpassing Wall Street’s revenue and non-GAAP profit expectations. Management attributed revenue growth ...

If the U.S. judged the taxes unfair, there would be a 30% tax rate on foreign companies’ profits and income. People working in the U.S. for the companies who are not citizens could also be taxed ...

Christine Shippey is a financial advisor in Jacksonville, FL, and has earned her CFP. She has been in practice for 18 years, the last 2 years at Agia.