Treasury cancels Booz Allen contracts after employee leaked Trump tax records; stock falls
Treasury Secretary Scott Bessent on Monday said he had canceled all Treasury Department contracts with the consulting firm Booz Allen
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National taxes
Trump’s ‘No tax on tips’ could be end of large-group service fees on restaurant bills
Many restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips
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Biggest Trump tax cut benefits for small business owners to keep more income on Main Street
President Trump’s One Big Beautiful Bill passed over the summer, but the tax benefits have barely begun. Many Main Street
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Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images
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Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for
Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham
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Trump’s tax bill could end popular ‘SALT’ deduction workaround for certain business owners
Speaker of the House Mike Johnson, R-La., speaks to the media after the House narrowly passed a bill forwarding President
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The end of this tax break could be ‘very disruptive’ to business owners, expert says — what
The Good Brigade | Digitalvision | Getty Images Tax breaks worth trillions of dollars are scheduled to expire after 2025
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IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.
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Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch |
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You could score a tax break for hiring your own kids this summer — if you follow the rules
Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow
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