The Latest Breaking News from Income Tax

State governments are rolling out new income tax adjustments, and retirees are among the groups most affected. These changes range from updated thresholds to new...

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

The May 2026 federal budget will mark one year since the Albanese government’s unexpected landslide win at the last election.

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…