The Latest Breaking News from Income Tax

President Donald Trump has proposed the elimination of the federal income tax. But what would that mean for your take-home pay if you make $250,000.

Olympians will get a post-tax income boost ranging from about $48,350 to $73,146, according to a Fortune analysis based on today’s tax rates.

Ohio has officially entered a new era of fiscal policy. Starting in 2026, the state fully transitioned to a flat tax system. This move simplifies the filing process and increases the state’s economic competitiveness. The change concludes a multi-year effort to condense Ohio’s complex, multi-bracket tax structure into one streamlined…

A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.

Most budgets promise relief. Very few actually change what you pay in real life. Budget 2026 is one of those rare ones that works quietly. There were no dramatic tax cuts, no loud announcements, and no instant price drops flashed across screens. Yet, beneath the fine print, the government made…

C.J. Roy, 57, chairman and founder of the Confident Group, a prominent real estate developer, was found dead with a gunshot injury at his Langford Town residence on Friday, according to police.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the taxation of Social Security benefits

Tax refunds are issued when an individual has paid more tax throughout the year than they ultimately owe, often due to withholding

Is your income tax bill bigger than expected? Here's how you should prepare for next year.