Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked ...

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...

Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.

President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue ...

Many have used nonprofit status to expand beyond their mandate of serving low- and moderate-income communities.

Higher tariffs could worsen the squeeze on American families by increasing their taxes, lowering their income, and requiring ...

IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does that mean for refunds?