Tax planning

Finance

Trump ‘big beautiful bill’ gives top 1% biggest tax cuts in these states

Speaker of the House Mike Johnson, R-La., speaks to reporters as he walks back to his office as the House

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Finance

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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Finance

Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle

A Rolls-Royce Spectre all electric luxury coupe is displayed at Rolls-Royce Motor Cars dealership showroom in London. John Keeble |

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Small Business

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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Small Business

House Republican budget bill calls for bigger ‘pass-through’ business tax break. Who could

Nitat Termmee | Moment | Getty Images How to tell if you have qualified business income The QBI deduction applies

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Small Business

Treasury Department suspends enforcement of ownership information reporting for millions of

The US Treasury building in Washington, DC, US, on Monday, Jan. 27, 2025. Stefani Reynolds | Bloomberg | Getty Images

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Small Business

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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Small Business

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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Small Business

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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Small Business

IRS rejects more than 20,000 refund claims for pandemic-related tax credit

IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023. Alex Wong | Getty

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