Although federal income tax credits set forth in Subtitle A of the IRC can offset any tax liability, the final regulations state that income tax credits are allowed only against regular income tax ...

Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the Tax ...

When Donald Trump entered office in 2017, the richest 1% of tax filers ($675,000 income and above) paid a little more than 40% of the income taxes collected. AFP via Getty Images The latest IRS data ...

Zohran Mamdani wants to raise income taxes for New York City’s wealthiest residents. He has proposed a 2% tax on incomes over ...

The highest-income households would receive more than 45% of the benefits if the expiring provisions of the 2017 Tax Cuts and Jobs Act are extended, according to an analysis released Monday by the ...

Upper Darby has again voted to enact an earned income tax. After five hours of discussion and public comments at the Wednesday evening meeting, the council voted 6-3 in favor of the 1 % tax, which ...