The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a minimum amount, even if they claim many deductions or credits. In 2025 ...

The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders.

3. Do Roth conversions. Although taxable, converting a traditional IRA or 401 (k) to a Roth IRA can be a powerful tax-planning tool because it allows for tax-free withdrawals moving forward.

This progressive approach would replace the regressive, flat-fee structure of the current tax. These revenue sources would allow the SMART Framework to raise $39 million more per biennium for ...

A three-year tax framework unveiled this week in both chambers of Congress includes lucrative provisions that could help boost profits and lower operational costs for aircraft buyers. The proposal ...