Taxes August 5, 2025
Taxpayers shouldn’t bet the house that this recent tax change will be reversed and should instead prepare for their betting income to receive a different tax treatment starting next year.
Taxes August 5, 2025
Three tax provisions intensely sought by business interests carry a heavy share of hopes by Republicans, like Rep. Kevin Hern of Oklahoma, that their "big, beautiful bill" will trigger one big, beautiful boon in the U.S. economy.
Taxes August 5, 2025
Workers are cautiously optimistic about the tax code changes in the One Big Beautiful Bill Act, which allow some to deduct tips and overtime pay from their income up to certain limits.
Taxes July 31, 2025
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
Taxes July 28, 2025
Four small wealthy and elite private colleges in Massachusetts may have a conservative college in the Midwest in part to thank for escaping a hike in an endowment tax under President Donald Trump’s tax law.
Taxes July 21, 2025
The Congressional Budget Office score for the law, released July 21, reflects a $4.5 trillion decrease in revenues and a $1.1 trillion decline in spending through 2034, relative to a current-law baseline.
Taxes July 18, 2025
The new law implements changes to premium tax credit rules and makes marketplace insurance more expensive and harder to keep.
Taxes July 18, 2025
Experts debate if the elimination of the 30% federal tax credit for residential rooftop solar installations will significantly hurt the industry or if solar adoption developed such momentum that it will continue to grow on its own.
Taxes July 18, 2025
A Trump-backed tax holiday on auto loan interest payments could save middle-class Americans several hundred dollars apiece on new U.S.-built vehicle purchases through 2028.
Taxes July 17, 2025
The IRS released a fact sheet earlier this week describing new tax provisions—no tax on tips, no tax on overtime, no tax on car loan interest, and a deduction for seniors—in the One Big Beautiful Bill Act.
Taxes July 17, 2025
President Trump, who built a career on savvy branding, has yet to convince the public that the law’s sweeping tax cuts and reductions to social safety-net programs are good policy.
Taxes July 17, 2025
The GOP megabill staggers the rollout of its sweeping budget provisions, including tax breaks and social program cuts.