The Latest Breaking News from Income Tax

In this week's Ask the Editor Q&A, Joy Taylor answers questions on capital gains tax rates and end-of-year tax planning

Enhanced tax breaks under US President Donald Trump's One Big Beautiful Bill Act will boost federal income tax refunds next year by several hundred dollars.

Tax law changes every now and again, so it's good to keep abreast of the new updates that might affect your life. Even if you're retired, some recent changes to income tax brackets and tax deductions...

Defense Secretary Hegseth vowed to put drug traffickers “at the bottom of the ocean” during a White House Cabinet meeting.

Ditching Rachel Reeves would put spotlight back on real context for decision to drop idea of breaching manifesto

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but straightforward.

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top…

The Chancellor is facing calls to resign over misleading the public and Cabinet minister over the state of Britain’s finances