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

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

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 ...

The jackpot for Monday's Powerball drawing has climbed to $750 million. However, the windfall would significantly shrink ...

A federal EV tax credit worth up to $7,500 ends Sept. 30. But the IRS has just clarified that shoppers don't need to actually ...

While a federal law eliminating taxes on tips and overtime pay is in effect, a proposal to do the same at the state level has ...

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

The portion excluded from federal income tax is only the 'half' of your time-and-a-half pay. For example, if you earn $20 an ...

SpaceX, the space exploration company founded by Elon Musk, has reportedly paid minimal to no federal income taxes since its ...

Internal documents show Elon Musk’s multi-billion dollar rocket company can indefinitely shield nearly $3 billion in profits ...