The Latest Breaking News from Income Tax

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

Earning $161,000 in Fort Worth, Texas — in a state with no income tax and a relatively low cost of living — should be a ticket to financial breathing room. Instead, one couple's choices have left them buried in nearly $90,000 in credit card balances, a $53,500 Tesla loan, and…

Relocating to a new state can be an exciting chapter, but it often comes with hidden financial surprises. Many people focus on the obvious costs like hiring movers or renting a truck, but there are subtler, ongoing changes that can catch you off guard. From new tax rates to shifts…

The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers

To qualify for a new tax break included in the One Big Beautiful Bill Act, some older adults need to lower their taxable income. Annuities can make that happen.

Buyers of all levels should be intrigued by municipal bonds' steep yield curve, strong credit fundamentals and yield levels offering an income buffer.

Retirement is often portrayed as a time of financial simplicity. No more paychecks to track, no more yearly raises to calculate, and, for some, no...

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.

They are among the worst taxes imaginable—narrow, arbitrary, unstable, and regressive.

Experts say stamp duties and income taxes have a much higher burden than more efficient policies, such as GST

Letters: Most people support a wealth tax on £10m fortunes and want to equalise capital gains and income tax, writes Caitlin Boswell. Plus, letters by Christopher Bowser and Alan Fairs