NIL income has significant tax consequences, and many states are using their tax law to maximize NIL’s effectiveness for ...

There’s an inherited IRA rule change for 2025 that could trigger a 25% tax penalty for certain heirs. Here’s what investors ...

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting ...

A Bloomberg Tax survey found that more than 4 in 5 respondents are moderately to very worried about the potential sunset of ...

Staff cuts and disruptions related to the U.S. DOGE Service have officials bracing for a sharp loss of revenue.

GOP lawmakers return from recess hoping to make big decisions about the future of energy incentives and environmental ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

Kentucky House Bill 775 would allow for smaller, incremental reductions in the state income tax. Current law only allows for ...

Petersburg may soon regulate short-term rentals for safety, taxation and zoning compliance. A public meeting on the proposed ...

The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital ...

Longtime homeowners would be exempt from paying property taxes when they reach that benchmark under a bill introduced in ...

Gov. Tate Reeves plans to sign a major tax reform package that passed with blatant errors in it. The errors would speed up income tax elimination.