Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Deciding where to retire is an important choice, and a potentially expensive one. We analyzed data from Bankrate’s “Best and Worst States to Retire" list for 2024 and combined it with the Tax ...

Many tipped workers may not benefit from the provision since they earn too little to owe federal income tax. Middle-income workers who earn tips will be most likely to qualify for the deduction. To ...

ST PAUL, Minn. — On a list of things to do, it would be a severe understatement to say filing taxes would not be at the top of the list for most Minnesotans... not even close. The Minnesota Department ...

But while eliminating income tax might sound appealing, some of its consequences might make you reconsider. Income taxes brought in about $2.7 trillion to the federal government in 2025, according to ...

The local income tax rate in six of Indiana's 92 counties will increase Jan. 1, even as the state income tax rate drops again in accordance with a 2023 tax cut statute.

The Supreme Court has agreed to hear President Donald Trump’s executive order ending birthright citizenship for the children of illegal immigrants. The case primarily turns on five words in the 14th ...

At his Douglas Enclave apartment building in Miami’s Little Havana, developer Henry Torres cut rents for some of the 199 units. Yet, his bottom line took no hit. After completing the project in 2023, ...

Florida Gov. Ron DeSantis detailed the next regulatory steps for the state’s effort to eliminate property taxes on primary residences in Florida. "People are being pinched across the economy in a lot ...

The TCW Emerging Markets Local Currency Income Fund, I Class ("Fund") (TGWIX) returned 3.06% (net) for third quarter of 2025, outperforming the GBI-EM GD (benchmark) return of 2.80% by 26bps.

President Trump is floating an idea that could appeal to millions of budget-strained households: using tariff revenue to reduce, or even eliminate, the federal individual income tax. But tax experts ...

Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. Trump says tariffs can eventually replace federal ...