The new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips ...

Discover the impact of tobacco taxes on revenue and public health. Explore their pros, cons, and limitations in reducing tobacco consumption and funding healthcare.

Learn how energy taxes work, their types, impacts on government revenue, and their role in promoting energy conservation and reducing emissions.

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

Unlock simple explanations of crypto tax brackets for gains in 2026. Learn short-term vs. long-term rates, cost basis methods, and IRS rules ...

WASHINGTON (AP) — A tax on the endowments of America’s wealthiest colleges began during President Donald Trump’s first administration, collecting 1.4% of their investment earnings. Under Republican ...