The estate pays estate tax before assets are distributed, while inheritance tax is paid by the beneficiaries who receive the ...

Discover the impact of tobacco taxes on revenue and public health. Explore their pros, cons, and limitations in reducing tobacco consumption and funding healthcare.

The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.

Retirement comes with many financial surprises. One of them is how tax regulations change once you cross that magical threshold of turning 65. Let's be real, when you hear about a deduction worth ...

Is car loan interest tax-deductible in 2025? Learn who qualifies under the new 2025 to 2028 rules, income limits and business ...

IRS crypto tax ​reporting rules: The IRS is reminding taxpayers to report all cryptocurrency and NFT income on their 2025 ...

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

Our Taxes Explained series aims to make tax policy clear and accessible. We want people to know what’s on the line and understand how Trump’s tax cuts are designed specifically to benefit the ...

Learn how energy taxes work, their types, impacts on government revenue, and their role in promoting energy conservation and reducing emissions.