New rules taking effect for the 2026 filing season mean a simple timing move could shrink your taxable income by as much as ...

But thanks to the 100% bonus depreciation rule introduced in the Tax Cuts and Jobs Act and made permanent in Trump’s One Big ...

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks ...

Sen. Josh Hawley (R-Missouri) talks with reporters this fall on Capitol Hill. (Demetrius Freeman/The Washington Post) Sen. Josh Hawley (R-Missouri) thinks he has a new idea: no taxes on health care.

Donate now or wait 'til 2026? How Trump's tax laws may change people's charitable-giving strategies. This year, Giving Tuesday occurs against a backdrop of changing tax laws for donors that will make ...

The 2017 Tax Cuts and Jobs Act eliminated HELOC interest deductions except for substantial home improvements. A financial advisor incorrectly recommended a $50,000 HELOC for tax benefits that no ...

YouTuber Cody Detwiler, better known as WhistlinDiesel, is speaking out again following his recent arrest on felony tax evasion charges — and this time, he’s offering a more pointed explanation. The ...

Beginning in 2026, tax filers who claim the standard deduction may be allowed to take a new above-the-line deduction for cash contributions to qualifying charities. You will not need to itemize ...

Forbes contributors publish independent expert analyses and insights. I'm a tech industry market research analyst that writes about 5G, Edge Computing, AI, Cloud Computing, IoT, Smart Devices and more ...

Canada will proceed with measures announced last year to allow some businesses to speed up how quickly they write off machinery and equipment, as well as to expense research and development costs ...

New York City mayoral candidate Zohran Mamadani laughed off how his plan to increase taxes on New Yorkers might impact them, suggesting those complaining about his plans are making a mountain out of a ...