The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

On that front, there is some good news: Iowa recently has made historic investments in new housing, with more than 16,000 units currently under construction — the largest number in the state's history ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a regular Roth IRA, but it’s geared toward kids and requires an adult to set up ...

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...

Michigan Gov. Gretchen Whitmer wants the Legislature to work with her on a plan to increase road fixes by $3 billion a year.

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The Department of Government Efficiency has the objective of cutting government spending by $2 trillion per year out of $6.8 ...

Most Americans are in favor of making the wealthy pay more while reducing their benefits. The government could increase the ...

During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing ...

As Republicans in Congress look for ways to slash spending, some legislators are floating new taxes on college scholarships, ...