The Internal Revenue Code outlines how much individuals and businesses pay in taxes to the U.S. government based on their income and earnings. The Internal Revenue Code is the federal tax law in the U ...

People across the country already struggle to exercise economic and political control over their own lives, and there may be imminent changes in economic and tax policy that could make things worse.1 ...

Editor’s Note: The following excerpt is from “A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System” by T. R. Reid. For more, watch economics correspondent Paul Solman’s ...

Just last week, the Biden administration revealed a Build Back Better framework that proposes a new surtax on high-income taxpayers and other tax code reforms to pay for $550 billion of spending ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about empowering ...

Late last year, Congress approved a tax relief package that extended many credits and exemptions. For the sake of consistency, states typically adopt the same credits and exemptions. But some states ...

The definition of income—what it is and how it’s taxed—is a core issue of a Supreme Court case that could have far-reaching effects for taxpayers. Moore v. United States, argued before the court in ...