Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Trump’s ‘One Big Beautiful Bill’ could reshape the Earned Income Tax Credit by adding new eligibility requirements. While not eliminating the EITC, the changes may reduce access for low-income ...

Everything you need to know about which tax credits Congress just voted to eliminate, when they expire and who qualifies.

President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes would require parents to jump through new hoops starting in 2028 before ...

The major changes made to this guide since the last edition are outlined. This guide reflects some income tax changes recently announced which, if enacted as proposed, would be effective July 1, 2025.

Ohio’s historic preservation tax credit, vital to the revitalization of older buildings throughout Northeast Ohio, could come to an end after 20 years in operation if Senate Republicans’ proposed ...

This proposal, central to the FAIRtax plan (H.R. 25), envisions eliminating income, payroll, corporate, capital gains, and estate taxes, and replacing them with a single, visible sales tax applied ...

The recent passage of H.R. 1 in the House, leaving the credit union federal income tax exemption untouched, is more than a legislative victory—it’s a testament to the enduring value of credit ...

IRAs have contribution and income limits to ensure that they're not used by the wealthy as bloated tax shelters. For 2025, traditional and Roth IRA contributions are capped at $7,000 with a $1,000 ...

The low-income housing tax credit has become an entitlement for home builders. Congress enacted the credit as part of the 1986 tax reform to mitigate the blow from extending the write-off period ...

The Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax-and-spending mega bill passed by the House, key Republicans said.

The "One Big Beautiful Bill Act" could make it harder to claim a low-income tax credit. If enacted as written, the House-approved measure would require precertification for each qualifying child ...