Tax

Under a proposed ballot initiative in California, billionaires would face a one-time 5% levy to cover funding shortages for health care, food assistance and education.

The tax shield on student loan forgiveness has expired. Here is how advisors can help clients lower their burdens.

Impacted taxpayers have until May 1 to file tax returns and make payments.

Rhode Island Governor Dan McKee is warming to the idea of a tax on the wealthy as one way to bolster the state's resources after a particularly turbulent year for its economy.

After a year of rolling policy shocks, the U.S. economy is set to get a lift from President Trump's tax-cuts package to keep the expansion on track in 2026.

The U.S. and more than 100 other countries finalized an agreement that would exempt American companies from some foreign taxes.

Scheme over, good buddy; what a load of bullion; and other highlights of recent tax cases.

The bipartisan bill aligns the deadline for claiming prior-year refunds or credits with the extended filing period granted to taxpayers hit by natural disasters.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

From the decline of the 150-hour rule to staff cuts at the IRS and the ongoing impact of PE, the last 12 months have been very busy for the profession.