The IRS is rolling out new deductions for tip and overtime income. Here's how they work and who qualifies.

ATLANTA, Dec. 17, 2025 (GLOBE NEWSWIRE) -- PowerPlan, a leading provider of financial software solutions for energy companies, today announced the general availability of Provision NXT, its ...

The One Big Beautiful Bill Act is a massive bill that overhauls much of the U.S. tax system. Our Federal & International Tax and State & Local Tax teams cover the Act’s key tax provisions for ...

WASHINGTON -- At some 940 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations. Now ...

Taxpayers are taking a second look at the Taxpayer Cuts and Jobs Act of 2017. Some—but not all—of those provisions are set to expire in 2025. And while some changes are welcome, some—like limits on ...

OBBBA generally maintains the current individual income tax brackets set by the TCJA, ensuring no increase in the marginal rates. Thus, 37% remains the highest rate for ordinary income and 20% for ...

WASHINGTON (AP) — Congressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill on Thursday after a request by Treasury Secretary Scott Bessent.

With 30 tax provisions set to expire at the end of 2025, the tax liabilities for family farms could increase at a time America’s farm families can ill afford any additional hits to the budget.

WASHINGTON, DC - JULY 04: President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law. (Photo by Samuel Corum/Getty Images) Now that the ink has dried on the ...

Add Yahoo as a preferred source to see more of our stories on Google. WASHINGTON — Senate Republicans have removed a disturbing provision from the House GOP’s massive tax-and-spending bill that would ...

Fund managers and Wall Street executives say a small provision inside the Big, Beautiful Bill could crush foreign investment into the United States. The sweeping budget and tax bill that passed the ...

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...