What’s more, this result is in no way an aberration. The same companies didn’t set aside any funds to pay 2023 corporate income tax to the U.S. either.* It is a direct function of keeping ...

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

Mamma Mia, here we go again: Kentucky has lowered its flat income tax rate. The individual tax cut is expected to put $718 million back in Kentuckians' pockets while aiming for the end goal of ...

Tasos Katopodis / Getty Images Earnings not subject to income tax, whether federal or state, are referred to as exempt income. Exempt income is income that's not subject to income tax.

Minnesota has a progressive tax system, and has enacted recent policy changes that benefit low- to moderate-income households. Under a progressive tax policy, low-income families are taxed at a ...

Filing an income tax return is few people’s idea of fun — but it’s worse when you can’t file the return because somebody using your identity already did. That increasingly common type of fraud can be ...

UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity from activities ...

That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...

Compal Electronics has unveiled the Infinite Laptop – a notebook concept with a rollable panel. Unlike other designs though, the display here doesn't extend vertically. It adds four horizontal ...

Gavin Newsom’s plan to expand the state’s Film and Television Tax Credit Program. The bills, sponsored by state Sen. Ben Allen and Assembly members Rick Chavez Zbur and Isaac Bryan ...

If you hold those assets for at least a year and a day, you'll benefit from the lower long-term capital gains tax rate. That's better than the regular income tax rate you'd pay if you kept the ...