Taxes December 17, 2025
Recent tax legislation imposed by President Donald Trump and enacted by the One Big Beautiful Bill Act is at the heart of the increase, the White House said.
Taxes December 12, 2024
The update given by the IRS on Dec. 12 comes as the threat of additional budget cuts from Republicans and a potential new leader of the agency loom once Donald Trump takes office next month and both chambers of Congress are controlled by the GOP.
Taxes December 12, 2024
President Joe Biden on Tuesday warned that Republican Donald Trump’s plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.
Taxes December 12, 2024
Trump's plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.
Taxes December 3, 2024
Republicans and Democrats alike are eager to boost the child tax credit, but they've had trouble agreeing on the details.
Taxes December 2, 2024
A potential solution exists that should be acceptable to Republicans because they floated it not too long ago.
Taxes December 2, 2024
Colleges are already bracing themselves for potential large-scale changes during the president-elect's second term in office.
Taxes December 2, 2024
Panasonic's new plant in DeSoto, KS, faces uncertainty as the president-elect considers ending tax credits for electric vehicles.
Taxes November 26, 2024
The agency on Nov. 26 set the reporting threshold at $5,000 for 2024, $2,500 in 2025, and $600 for 2026 and thereafter.
Taxes November 25, 2024
Experts expect the Trump administration to reform, rather than eliminate, the $7,500 tax credit under the Inflation Reduction Act.
Legislation November 25, 2024
Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday that sent the dollar higher and equities lower.
Taxes November 23, 2024
Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump's first administration, and a major campaign fundraiser and donor.
Taxes November 22, 2024
“We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday.