At the crack of dawn on Tuesday, a Democratic-led Senate subcommittee rejected or delayed several of Gov. Glenn Youngkin’s ...

Wendy Horman, R-Idaho Falls, brought some changes to her parental choice tax credit — which would provide up to $5,000 per ...

US leadership in semiconductor research, design, and manufacturing is critical to America’s economy, technology leadership, ...

If HB316 passes, the child tax credit will expand to include children both younger and older than were previously eligible.

House Republicans cruised to an easy win Monday, passing their latest tax cut proposal totaling $253 million. Personal and ...

There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

In this episode of Tax Notes Talk, Tax Notes investigations editor Lauren Loricchio discusses security concerns regarding tax ...

Immigrants residing illegally within the U.S. could no longer receive child tax credits or tax breaks for low income earners if the Safeguarding American Workers’ Benefits ...

Mostly MSME adopt Partnership Firm model of business as compared to corporate or Proprietorship Model. But Firms are taxed at 30% tax rate from the income starting from Rs. 1 as compared to 20% tax ...

The South Carolina Senate is hoping to boost the state’s economy by helping ease the economic burden of childcare.

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.