Public Act 1 phases in an increase in the tipped wage for servers and bartenders, now 38% of the general minimum wage, until ...

Social Security Administration praises Trump's One Big Beautiful Bill Act that eliminates income taxes on benefits for 90% of ...

A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a business.

Illinois voters in November will be deciding on an issue that will impact both the state’s financial future and their own pocketbooks: an amendment to the state Constitution that would ...

To be successful, a new graduated income tax plan must provide property tax relief and deal with the pension problem, he said. Democrats have veto-proof supermajorities in both the Senate and House.

Presently, there are too many unfair taxes, too many tax collectors, and too much tax money wasted on tax collection. Low-income and working-class taxpayers are paying more than their fair share ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Louisiana is also moving to a flat rate from a graduated income tax system, with a flat rate of 3% this year, down from a top rate of 4.25% in 2024. Those in the state's largest income bracket ...

Friday is "an important day for the future of the state of Michigan."That's according to election law attorney Eric Doster, ...

Zohran Mamdani won over New York City voters by promising to make the city more affordable with a rent freeze and free ...

Ohio is scrapping its graduated income tax and adopting a flat 2.75% rate for all taxpayers under a two-year budget bill headed to the desk of Gov. Mike DeWine (R).

The Senate parliamentarian struck down several key provisions in President Donald Trump's major tax and spending bill.