Newsweek contacted the Tax Foundation for comment by email on Friday. Why It Matters. Income tax cuts are expected to be ...

Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...

The Utah Legislature should eliminate state income taxes on Social Security, the governor says. See what a top state ...

Freelancers or gig workers can delay billing until 2025 to reduce 2024 taxable income. W-2 employees may be able to defer ...

Already, Trump is publicly bashing Rep. Chip Roy (R-Texas), an influential member of the House Freedom Caucus, because of his opposition to Trump’s call to hike the debt limit without cutting spending ...

The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...

The CEO of Wisconsin’s MacIver Institute and leaders from conservative groups across the country wrote to the chairman of the ...

The Yale Budget Lab estimates the average tax cut for families affected by the change would be about $1,700, though those in the bottom fifth of earners would see a $200 average cut. Ending income ...

A 4% cut in the state personal income tax was triggered today, and an additional 2% cut was passed during the last special ...

Waymart Borough Council passed the 2025 budget with no general tax increase but with a cut in police department hours.

State lawmakers want to cut property taxes after doing so last year. The governor worries about the cost of another cut.

Iowans may begin to see some changes right away in 2025 as employers withhold less money from their paychecks to account for ...