For example, If your tax bill is $800 and you qualify for a $1,200 nonrefundable credit, you can only use $800 of that credit. The remaining $400 does not carry over and will not increase your refund.

For example, a California resident who buys a New York municipal bond would pay California income tax on that interest. These tax laws vary by state. For instance, some states, such as Wisconsin ...

Did you know that individual income taxes accounted for 49.3% of total government revenue in fiscal year 2024? How about that ...

President Trump has threatened to revoke tax-exempt status for groups that don’t abide by his directives or agree with his ...

The combined millage rate for Jackson residents is projected to fall from 17.96 mills in the 2024/25 fiscal year to 17.26 ...

If you’re a homeowner paying monthly dues to a homeowners association (HOA), you might be wondering: Are HOA fees tax ...

However, the relative benefit was greatest for working- and middle-income Americans. For example ... the Trump tax cut went into effect, making it a progressive tax law by definition.

President Donald Trump says tariffs could deliver a financial windfall for everyday Americans — by wiping out their income ...

“The Boeing 747 is being given to the United States Air Force/Department of Defense, NOT TO ME! It is a gift from a Nation, ...

Key Points ・College endowments are typically tax-exempt, but a 2017 law imposed a 1.4% tax on investment income for a small ...

Klaus Vedfelt / Getty Images A cafeteria plan is a benefits program where employees can select from different pre-tax options to lower their taxable income ... For example, an employee approaching ...