A deal has been reached with G-7 nations on international corporate minimum-tax rates.

Tax-exempt means not being required to pay taxes on certain types of income. Find out which type of income is considered tax-exempt.

Six investment groups representing sectors including fund managers, venture capital and real estate in a letter to two Senate ...

The Massachusetts Sales Tax Holiday is now a two-day annual event on the second weekend in August. There are some exceptions, ...

Mark your calendars because August 9th and 10th is when the sales tax will be cut from items under $2,500 in Massachusetts.

It’s important to note that the tips exemption applies only to the federal income tax. Workers would still owe payroll taxes, like the 6.2 percent Social Security tax, on their tipped income.

In a recent letter ruling, the IRS determined that a networking organization operated and organized to provide members of the public the opportunity to connect and refer business to one another did ...

The company must also file Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, and report the income and withholding to the individual on Form 1042 – S, Foreign ...

During the 2024 campaign, Donald Trump promised "no tax on overtime" — an exemption for federal income taxes on extra pay for working overtime. Here's what that means.

Tax-exempt private foundations are currently subject to an excise tax of 1.39 percent on net investment income. Section 112022 of the Reconciliation Bill would increase the tax rate for private ...

The bill, which passed unanimously without amendment, would exempt cash tips from federal income tax by allowing taxpayers to claim a 100% deduction at filing for tipped wages.