Future income taxes are upcoming tax costs or savings due to discrepancies between financial statements and tax returns.

Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly influence how much tax a taxpayer finally pays ...

Two high-profile Republicans running for higher office in Georgia have a pitch for voters: zero state income taxes. They have ...

Understanding your 1040 is the best way to legally minimize your taxes. Top tax professionals will tell you that effective tax planning needs to be proactive, not reactive. The best tax planning needs ...

If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a ...

Tax avoidance strategies aren’t solely for the rich — plenty of tax deductions and credits are available for middle- and low-income taxpayers to seize too.

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. Professional sports teams in Texas, thanks to the lack of a state ...

The IRS doesn’t care how old you are. If you have an income, it requires you to pay taxes, even if your first pimple hasn't appeared or you haven't learned to drive. So, while it’s exciting for kids ...

As Budget 2026 draws closer, expectations are rising that the government may simplify personal income tax the way it streamlined GST. With GST moving towards fewer, broader rates over the past year, ...