Revenue and income are also prominent fixtures in tax forms filed with the IRS, as well as in company strategies for minimizing tax liability incurred from year to year. Accurate income reporting ...

The updated rules stem from federal tax legislation passed in 2025, sometimes referred to as the 'One Big Beautiful Bill,' ...

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

Sports gambling is on the ballot again — thanks to its popularity. State lawmakers want to keep the excess taxes collected from booming sports gambling businesses and use the money for water ...

Today, congressional Republicans are pushing tax reform proposals that would cost the country over $5 trillion and would likely widen the racial wealth gap and slow economic growth.1Economic hardship ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.