THE GOVERNMENT has hightened taxpayers misery by hiking the value-added tax (VAT) rate to 15,5% as it hunts for an extra US$1,47 billion in revenue for 2026 in a move that will weigh heavily on the 23 ...

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich. By Jesse Drucker Jesse Drucker has ...

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

A CPA can be a valuable asset to your tax toolkit. Here’s a five-step guide on how to find and vet one. Many, or all, of the products featured on this page are from our advertising partners who ...

According to the Joint Committee on Taxation, the richest of rich Americans pay an average tax rate of 34 percent, higher than any other cohort’s. In reality, as everyone has long known, they pay less ...

The new federal “no tax on overtime” law may not mean what you think it does. To start with, all of your overtime pay is not included. “No tax on overtime” is a highly promoted part of this year's ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...

If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible. Some of the changes, ...

Italian tax authorities approach could influence EU tax policy Rome seeks EU advisory opinion on VAT case against tech giants Italy's case could impact all companies linking free services to data ...