But because of the One Big Beautiful Bill Act, things are rolling back again. For the 2025 tax year and beyond, the threshold ...

The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25 (Assessment Year 2025–26), from September 30, 2025 to ...

As the expiration date for the federal electric vehicle tax credit approaches, several states will feel the burden, including Florida. The EV tax credit, which encourages the purchase of electric ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne Australians are now paying the highest average rate of ...

The Advisory Committee on Immunization Practices plans to vote Thursday on whether to recommend delaying the first dose of the hepatitis B vaccine from birth to at least one month for most babies born ...

After years of sustained advocacy, the One Big Beautiful Bill Act marks the largest and most consequential federal victory ever for educational freedom and school choice. While advocates’ attention ...

President Trump’s tariffs and massive GOP tax cuts are set to have competing effects on the economy, according to the latest outlook report from the Congressional Budget Office (CBO), which shows an ...