The largest one, by far, is California, according to tax data. In 2022, California's residents and businesses provided $692 billion in tax revenue to the federal government.

Of the 10-year state and federal tax cuts from this provision, between $2.2 billion and $5.3 billion would be in the form of capital gains tax avoidance, depending on extension.

The Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax-and-spending mega bill passed by the House, key Republicans said.

Federal tax breaks have fueled a boom. The House bill would end that immediately. By Brad Plumer Reporting from Washington Over the past two decades, more than 5 million U.S. households from ...

Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed ...

Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among ...

The reconciliation bill passed by the U.S. House of Representatives has numerous adjustments that would impact retirement and workplace benefits for federal workers, whether they’re newly hired ...

The loss of federal tax credits for rooftop solar could wreck the business that Allan O’Shea has built in Michigan. O’Shea, who runs his company along with his wife and sons, has been selling ...

2024 Tax Brackets (Taxes Were Due In April 2025) The 2024 tax year (and the return due in 2025) included these seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status ...

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.

To figure out your federal quarterly estimated tax payments, you'll need to estimate your adjusted gross income, taxable income, deductions, credits, and total taxes for the 2025 calendar year.

00:00 10-44 intro 00:20 Repealing the 12% federal excise tax (FET) on new trucks 00:51 Explaining the 12% FET 01:24 Origins of the FET 02:37 How much does 12% add to the price of a new truck?