Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

For example, a single tax filer earning $75,000 in 2024 and taking the $14,600 standard deduction -- or $60,400 taxable income -- will pay about $13,288 in federal income taxes. A $1,000 tax ...

PITTSFIELD — Barrington Stage’s 2025 season is centered on the theme of truth, with a slate of seven productions, including two regional and two world premieres. “We’re kicking off with a truth sayer ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The home office deduction allows eligible taxpayers to reduce their tax ...

(KTLA) — A Hollywood veteran is helping freshmen at historically Black universities and colleges get off to a stress-free start. The students, who come from challenging backgrounds, are ...

The most significant of these is the new tax regime. The government previously introduced a valuable provision known as the Standard Deduction, applicable to both the old and new tax regimes. This ...

With more than half of Generation Z Americans in college now or in the recent past, and with many of them collecting student loan debt, the current political and economic climate demands a ...

If 2.6 million small businesses – classified as those with less than $10m in annual turnover – claimed the maximum $20,000 deduction, the total cost would balloon to $10b, according to ...