Under the tax rules, amounts received for damage to property, including property insurance payments, are treated as sales ...

The repeal of the illegal drug taxes is something GOP and DFL lawmakers are fast-tracking, because they agree.

2025 Marginal Tax Rates by Income and Tax Filing Status Long-term capital gains are taxed at slightly more favorable ... For the best results, it’s wise to seek the help of a licensed tax advisor ...

Senator John Barrasso, joined by 14 senators including Senate Majority Leader John Thune introduced legislation to repeal the ...

No one enjoys paying taxes, but some states make it a far easier process than others. Whether allowing access to the free ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer ...

Gov. Gretchen Whitmer’s road funding plan is bad for business, according to the Detroit Regional Chamber. The regional ...

# Tax officials say the February 15 deadline to file details of all corporate real estate dealings “ain’t so hard cut” but there is unlikely to be “a blanket” extension for all of a registered ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

Very few people like tax season, but missing out on valuable deductions could mean leaving money on the table. Many taxpayers overlook key write-offs that could lower their bills or put more money ...