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Representative Marjorie Taylor Greene's bill would eliminate capital gains tax on the sale of homes considered primary residences.
U.S. manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital investment.
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.
Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
Under the bill Trump signed into law on July 4, the U.S. Treasury Department must publish a list by Oct. 2 of occupations that qualify for tax-free tips. The department is also expected to publish guidance on how to report tips and overtime pay, and what documentation will be required.
The New York Yankees are expecting a premium would be imposed by a division rival in potential trades for several good fits.
The Indian government's net direct tax collection fell 1.3% year-on-year to 5.6 trillion rupees during the April 1-July 10 period, it said in a statement on Friday.
Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of gambling winnings