The Latest Breaking News from Income Tax

LANSING, Mich. — The Democratic majorities in the House and Senate in their first three months of session have ditched a right-to-work law, revived the prevailing wage for state construction projects, scrapped an abortion ban, boosted low-income tax credits and cut taxes on residents receiving pensions.

"When people are like, 'Oh California is so much more expensive than Texas,' that’s the top income tax rate."

Interest rates are an inherently blunt tool — they come with unfortunate and imprecise time lags. But they remain our best device for bringing inflation down, contributing to economic stability and ultimately prosperity.

Kensington now pays more income tax than the whole of Northern Ireland

The tax-cutting trend is going full force in states even as some are raising concerns about a slowing economy

New figures show that almost half a million people overpaid a total of €300 million in income tax in 2021

Jeremy Hunt’s Budget could cost UK housesholds thousands over the coming years

President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.

Millions of Britons face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can do

The UK’s tax burden is expected to reach a post-war high of 37.7% of GDP in 2027-28.

The IFS has cast its eye over Jeremy Hunt’s Budget as millions of Britons face being dragged into paying more income tax