The Latest Breaking News from Income Tax

For the first time, New Mexico’s investment income is expected to surpass its revenue from personal income taxes

Shona Robison said more people will also be pulled into paying lower rates of tax as thresholds increase by around double the rate of inflation.

Louisiana lawmakers passed a massive tax reform bill including changes to the state income tax and sales tax rates.

Louisiana legislature approved tax cuts to attract businesses, sparking debates on economic impact.

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced resistance from lawmakers and lobbyists amid hard fiscal realities

Thanks to recent policy changes, families have more options for what to do with money sitting in tax-advantaged 529 accounts.

Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.

A day like today is not a day for false dichotomies, we can leave those at home. But governments generally face a simple choice when it comes to raising money, between broad-based taxes (e.g. income tax) or granular (e.g. inheritance tax threshold changes for farmers). Both have their advantages and disadvantages, as is being…

RESEACHERS have said they are unable to establish whether higher taxes in Scotland have cut Government revenues.