Tax breaks

The One Big Beautiful Bill Act makes the opportunity zone program permanent and also introduces some changes in the real estate investor tax breaks.

The One Big Beautiful Bill Act offers a striking example of how policy design can favor businesses over individual taxpayers, particularly young professionals.

U.S.-based oil and gas giants like ExxonMobil, Chevron and Conoco Phillips are paying billions of dollars more in taxes in other countries.

The One Big Beautiful Bill Act contains several provisions that could affect the future of nonprofit organizations.

Katherine Green, a dominatrix who creates online adult videos, wasn't expecting a windfall from President Donald Trump's signature push to make tips tax-free.

The hedge fund manager known promised wealthy investors that he could help them take advantage of opportunity zones.

Commissioners in a New Mexico county voted four to one to advance a resolution that would provide tax breaks to the backer of a massive data center development.

Workers in dozens of job categories — including waiters, cosmetologists, golf caddies, event DJs and dancers — won't have to pay taxes on the tips they earn.

The list of jobs that are eligible for tax exemptions on tips includes bartenders, food servers, entertainers, performers and digital content creators.

Selling the OBBBA to the American people may prove to be tougher than passing it, even for a president who built a career on savvy branding.

Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.

Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.

Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump's campaign promises.

Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.

To get the capital gains break, the Commerce secretary must invest the proceeds of the sales in Treasury bonds or diversified exchange-traded or mutual funds.

Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.

Republican leaders say they are closer to a plan to extend the 2017 tax cuts and increase the debt ceiling.

Not all job creation incentive programs are created equal. Here are examples of programs from states across the United States.

A bipartisan group has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.