The Latest Breaking News from Income Tax

US President Donald Trump claimed that because of the high tariff revenues, there may not be a need to pay federal income tax.

The May 2026 federal budget will mark one year since the Albanese government’s unexpected landslide win at the last election.

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

Defense Secretary Hegseth vowed to put drug traffickers “at the bottom of the ocean” during a White House Cabinet meeting.

Ditching Rachel Reeves would put spotlight back on real context for decision to drop idea of breaching manifesto

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top…

The Chancellor is facing calls to resign over misleading the public and Cabinet minister over the state of Britain’s finances

Conservative leader Kemi Badenoch claimed the Chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Chancellor was told in October by the Budget watchdog that her spending plans would no longer incur a black hole.