State vs. federal income tax rates, types of income subject to tax, and more can differ. State income tax varies depending on ...

Taxpayers have through Sept. 5 to fill out a survey that will be presented to Congress, as the future of IRS Direct File ...

The Low-Income Housing Tax Credit (LIHTC) provides a financial incentive for developers to build, buy, and renovate rental ...

The anonymous survey emphasizes the high “initial cost to the federal government” of an IRS-run tool vs. programs “paid and ...

The maximum credit is calculated as 35% of allowable expenses, up to $3,000 for a single child and $6,000 for two or more ...

As the federal government’s $7,500 electric vehicle tax credit sunsets in September, California may replace the program with ...

The federal government is missing out on collecting about $1.5 billion in tobacco tax revenue due to inconsistent tax ...

The federal government until now has lacked the authority to fire employees over unpaid taxes, although Republican lawmakers years ago unsuccessfully floated legislation that would have allowed it.

Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal ...

The tax break is also temporary; the federal government will start taxing overtime again in 2028. And the deduction is capped at $12,500 annually for a single filer.