The Latest Breaking News from Federal Taxes

State funding and local resources are currently at the center of a high-stakes legal battle between Sacramento and Washington. You pay federal taxes with the expectation that those funds return to support your local roads and schools. However, California is currently pushing back against a federal threat to withhold $4.9…

Claud from Orlando, Florida, called into “The Ramsey Show” with a confession: he hasn't filed his federal taxes since 2016. Despite owning 27 rental properties and reportedly bringing in up to $15,000 a month, Claud is struggling with cash flow and facing a looming financial mess.

Some segments of the U.S. restaurant industry don’t support President Donald Trump’s proposal to eliminate federal taxes on tips

Energy bills in the Golden State may shock you if Republican lawmakers in Congress remove certain energy tax credits through Trump's 'big, beautiful bill.'

California governor made threat amid reports Trump is weighing huge federal funding cuts targeting state

With all the recent talk about ending federal taxes on tips, some wonder whether tips are taxable income.

They were lukewarm about Harris' proposal to provide $25,000 for housing purchase assistance

Vice President Kamala Harris pledges to eliminate federal taxes on tips for service workers, sparking debate and drawing criticism from former President Trump.

Jeanne opted for the $7.5 million cashout option and paid 28% in state and federal taxes to take home $5.4 million. She also had the option to receive $600,000 annually for 25 years.