Taxes - /contrib/taxes

Speaker of the House Kevin McCarthy appeared to reject the idea of tax on consumption earlier this week.

Americans of all incomes would see their federal taxes rise under the climate and health care package that was negotiated last week between Senate Majority Leader Chuck Schumer and moderate Democratic Sen. Joe Manchin, according to data from the nonpartisan Joint Committee on Taxation. Federal

For decades, profitable Fortune 500 companies have been able to manipulate the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits. This ITEP report provides the first comprehensive look at how the new corporate tax laws that took effect after the passage of the

Income tax accounts for major part of the government's revenue and salaried individuals form a significant chunk of taxpayers. While paying taxes could be hard on their bank, one can save on taxes by claiming deductions while filing ITR. Here are the deductions taxpayers can avail under Section 80C.

President Trump said Saturday he plans to roll out a major tax cut to the middle class before November.

A House panel is prepping a new tax break for gym memberships, fitness classes, and other workout expenses, as incentives for health.

The Trump administration is pushing ahead with the repeal, which would remove state and local income and property taxes as deductions on federal returns.