Federal law generally defines gross income as income from all sources. This includes income from settlements unless excluded by law, such as those paid for...
Adopting a child is expensive, but adoptive parents may qualify for a tax break to offset some of the costs. Under the One, Big, Beautiful Bill Act (OBBBA)...
A tax break in the One, Big, Beautiful Bill Act is a boon for founders of successful startup businesses. Before the new law, the qualified small business s...
Congressional Republicans have already clawed back more than $40 million in Inflation Reduction Act funding to the IRS. A newly approved U.S. House Appropr...
President Donald Trump and European Commission President Ursula von der Leyen announced a “framework” trade agreement that imposes a 15% import tariff ...
A technology originally pioneered by NASA for its Apollo missions back in the 1960s is now taking center stage in the manufacturing industry. During a time...
If you still receive federal payments by paper check, you may need to take certain steps soon. Starting Sept. 30, 2025, the federal government will stop is...
If your summer chore list includes cleaning out the garage and closets, you might have items to donate to a local charity. That may lead to tax savings, bu...
Starting a business can be rewarding, but the financial learning curve is often steep. The U.S. Bureau of Labor Statistics estimates that one in five new b...
The One, Big, Beautiful Bill Act (OBBBA) contains enhancements to Section 529 plans. The new law expands the list of educational expenses that can be paid ...