In this episode of Tax Notes Talk, Jonathan Samford and Kevin Klein of the Global Business Alliance discuss the proposed section 899 retaliatory tax and other international tax provisions included in ...

The IRS has released provisions from the One Big Beautiful Bill Act (OBBBA) for workers who can claim deductions for the 2025 ...

Some U.S. homeowners may soon get a sizable tax break thanks to the massive budget package that was passed by the House early Thursday. The legislation — dubbed the One Big Beautiful Bill Act — ...

Illinois is one of several states choosing to decouple from the federal tax code. See what tax benefits are being excluded.

The new tax legislation, part of the "One Big Beautiful Bill", includes a temporary tax break for overtime pay, allowing eligible workers to deduct a portion of their overtime earnings from their ...

The Centers for Medicare & Medicaid Services Nov. 14 released preliminary guidance to states on implementing provider tax provisions in the One Big Beautiful Bill Act.

OBBBA generally maintains the current individual income tax brackets set by the TCJA, ensuring no increase in the marginal rates. Thus, 37% remains the highest rate for ordinary income and 20% for ...

A key element of the tax-cut package that the Trump administration and congressional Republicans are working to pass got approved by the Senate as a standalone measure, though it carries a significant ...

Some experts are warning that a proposed tax in Trump’s budget bill could negatively impact foreign investment in the U.S. Donald Trump’s so-called Big Beautiful Budget deal contains a new tax ...

President Donald Trump’s sweeping tax cut and spending bill is now law, and one provision that would have helped the wealthy avoid capital gains tax was written out. Tucked within the mega-legislation ...