“Passing federal legislation that would ensure all state-funded, pre-disaster mitigation grants are tax-free would allow these grants to have the maximum impact,” Causey said. The North ...

Melanie Lauridsen, vice president of tax policy and advocacy for the American Institute of Certified Public Accountants (AICPA), wrote that the organization is watching for impacts on the federal ...

Ted Cruz, R-Texas, reintroduced the No Tax on Tips Act, a bipartisan bill he first pushed last year that aims to exempt tips made by service workers from federal income taxation. The text of the ...

(The Center Square) – Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom ...

Read our guide to learn about how much you can save with the federal solar tax credit in 2024. The federal tax credit covers 30% of a consumer’s total solar system cost, which means you could ...

To assist taxpayers in making informed choices, the IRS offers several resources. The Directory of Federal Tax Return Preparers with Credentials and Select Qualifications is available to help find ...

President Donald Trump’s executive order mandating a hiring freeze across the federal government, including at the Internal Revenue Service, has sparked fears that Americans could see their tax ...

If you’re thinking about buying an electric car or a plug-in hybrid, you should be aware that the Trump administration is considering eliminating a federal EV tax credit of up to $7,500.

The Supreme Court therefore needs to return to the Constitution’s vision, which confines federal tax funds to specialized federal purposes. Otherwise, the judiciary will be responsible for depriving ...

Take your time to understand this one. The IRS will begin accepting and processing 2024 federal income tax returns as of Jan. 27. The tax deadline to file for most people is April 15. Need a break?

You will still get insights into how much you may owe. Where to find it On a W-2, the amount of federal tax withheld by your employer is outlined in Box 2. 401(k) contributions: Enter any pre-tax ...