The new limits took effect July 1 and are based on household size and income. A family of four, for example, will qualify for free meals if they have an annual income lower than $41,795 and can be ...

Known as "donor states," 19 states contribute more in federal taxes than they receives back in federal spending, according to ...

The average taxpayer’s piece of the $37-trillion federal debt is about $240,000, or six years of the median income.

U.S. Customs and Border Protection, the federal agency responsible for collecting tariffs, also refers to them as “duties” — another word for taxes — in reports on the revenue they generate.

Keep in mind that federal tax rates aren't flat — different rates apply to different parts of your income. This means you may pay 10% on part of your income, 12% on another part, and so forth.

Spending since 21 January is up 8.7% over the equivalent period in 2024, 7.2% over 2023. Some kinds of federal spending are irregular and intermittent, and any comparison like this can be affected ...

If income taxes are 90% of the total state and local taxes included on that person’s federal form, the owner would retain a $1,000 deduction for their state return under current law.

One of the biggest issues concerned the city's income tax, which comprises almost 20% of the budget. City leaders have elected not to raise income taxes on residents in the year ahead.

The federal government raises about $3 trillion a year from income taxes. The United States also happens to import around $3 trillion worth of goods annually.

United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in. In an April 27 Truth ...