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 ...

It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.

Not all states tax income the same. See how state income tax rates compare, how flat and progressive systems work and what ...

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 ...

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

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 ...

Families who live on low to moderate incomes may qualify for the earned income tax credit, which advocates say can offer ...

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 ...