Get ready for tax season: the IRS has raised deductions and credits for 2025, with even bigger changes on the way for 2026.

Several federal tax changes take effect in 2026, including higher deductions, credits, and income thresholds. Here's how they ...

A regressive tax is one that is assessed at the same rate to everyone, regardless of their income. They are also sometimes ...

Another significant change is an increase in the Employer-Provided Childcare Tax Credit. The maximum credit for providing ...

BATON ROUGE, La. (WAFB) - A landmark settlement with the NCAA now allows universities to directly pay their student athletes for their name, image, and likeness (NIL), marking a significant shift for ...

The revenge tax is one of the issues where the House and Senate aren’t in full agreement, so tweaks are being made to it. Still, some experts are worried, saying the provision could negatively impact ...

President Donald Trump signed his massive tax and immigration bill into law on July 4 in a White House ceremony full of patriotic pomp and circumstance. The legislation extends the tax cuts enacted in ...

SAGINAW, Mich. (WNEM) – Some Michigan workers are starting the year with a tax change, one that could make their paychecks go a little further. A new tax deduction is now in effect, allowing workers ...

Everyone in Washington loves tax credits and deductions. Politicians tout them as a painless way to help families pay for green energy, buy homes or lower the cost of healthcare. They’re also ...