Taxes

Bloomberg Tax's annual Projected U.S. Tax Rates Report provides early, accurate notice of the potential tax savings that could be realized due to increases in deduction limitations, upward adjustments to tax brackets, and increases to numerous other key thresholds.

The two presidential candidates attacked each other on the economy, taxes, immigration, and abortion, among other issues.

Impacted residents and business owners have until Feb. 3, 2025, to submit a variety of tax filings and payments.

The Tax Blotter is a collection of briefs of recent tax legislation and tax court decisions.

While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit.

Election years usually mean a light fall schedule for Congress, but yet another a deadline to fund the federal government creates one of the few must-do items on the agenda.

Individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may qualify for an extension.

Between FY 2020 and June 2024, IRS-CI initiated 151 investigations into illegal gambling activity totaling more than $178.8 million.