Under the OBBBA, workers can treat tips as an above-the-line deduction for the first $25,000 in tips they receive. The deduction will apply to federal income taxes, but not federal payroll taxes, and ...

Indian students, tourists, business travellers, and tech professionals heading to the U.S. may soon face a sharp hike in visa ...

The new law does not expressly name Planned Parenthood, but bars Medicare reimbursements to nonprofits that provide abortions and that also took in more than $800,000 in Medicaid revenue in 2023. The ...

A long-term investor in Apple (AAPL) might be perfectly thrilled at the stock's performance. It has returned 663% over the past 10 years, compared with a return of 261% for the S&P 500 SPX. And ...

Plus: A famous soccer coach is sentenced to prison for tax fraud, filing an amended tax return, smoking rates and sin taxes, ...

Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

EDITOR: “The rule of law.” Donald Trump and Attorney General Pam Bondi voiced that phrase to validate deportation policies.