In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...

Income tax is a more complex system, also taxing money earned from sources other than work and employing deductions ... example, in New York City and some suburban counties in New York, employers ...

or taxable pay. When preparing federal income tax returns, the taxpayer subtracts allowable expenses and deductions from the total of his gross pay, which includes exemptions for the taxpayer and ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such ... for the given tax year. For example, because interest ...

This is how much tax South African residents will pay based on their income, following Finance Minister Enoch Godongwana’s latest budget. On Wednesday, 21 May, Finance Minister Enoch Godongwana ...

Carlo Versano is a Newsweek politics editor based in New York. He has in-depth knowledge and experience covering a range of topics and stories over a 20-year career in the news business. Carlo ...

Key Points ・The Senate unanimously passed the “No Tax on Tips Act,” allowing workers to deduct up to $25,000 in reported cash ...

The Republican-led U.S. House of Representatives passed a bill on Thursday that would allow a deduction of up to $40,000 on federal returns for state and local taxes, known as SALT. A previous ...

The Oregon House passed a bill May 20 requiring employers in the state to provide employees with a written explanation of earnings and deductions shown on their pay stubs when they are hired ...