An ambitious tax reform aims to eliminate income tax for most U.S. households, but it still faces major legislative hurdles.

Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits decrease your tax bill. With the 2024 tax deadline passed, you may already ...

The no tax on tips proposal is part of an embattled spending bill that could take away health insurance coverage from ...

Someone who earns $150,000 per year would pay about $25,500 in federal income taxes. That’s how much you would save if Trump eliminated income taxes. The only way you’ll get ahead on the ...

ANNAPOLIS, Md. — The Maryland Comptroller's Office released its first report on the impact of the federal government on ...

Two key programs that assist low-income Westmoreland County Housing Authority residents are on the chopping block as part of ...

U.S. House and Senate are considering pieces of legislation that could make colleges and universities financially accountable for students who struggle after leaving school.

The better path forward is one that strengthens accountability for all institutions without dismantling the tools that ...

The bill would allow teachers to claim up to a $300 deduction on their state income tax return for eligible expenses.