South Carolinians would keep more money in their paychecks, but get a smaller refund when they file their taxes in 2027.

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

The deadline of April 15 for filing federal tax returns by American taxpayers is fast approaching. Taxpayers can make use of ...

Under tax plan introduced by South Carolina House Speaker Murrell Smith (R), the state would go from having the region's ...

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

Retirees face a very different tax landscape — one that can be both confusing and costly. The U.S. tax system operates on a ...

Gov Henry McMaster, legislative leaders propose cutting 6.2% top tax rate to 3.99% and eliminate no-tax provision for poor ...

With the final day to file 2024 taxes a month away, the Internal Revenue Service reminds taxpayers they have a free online ...

House Ways and Means Chairman Bruce Bannister, R-Greenville, discusses an income tax reform proposal that would lead to bringing the tax rate to 3.99% from the top rate of 6.2%. Travis Bell ...

However, before we delve into states with the highest income tax rates, let’s briefly review marginal taxes to understand how ...

I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...