Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Most of the tax changes in the 2017 Tax Cuts & Jobs Act (TCJA) ...

The Senate on Tuesday passed a bill that would eliminate federal taxes on tips, advancing a key campaign promise of President Trump’s, with the help of Senate Democrats. Sen. Jacky Rosen (D-Nev.) ...

A bipartisan bill that passed the U.S. Senate by unanimous vote on May 20 could mean no income tax on tips for bartenders and restaurant workers, as well as other occupations that rely heavily on ...

Below are details of many of the tax provisions in the act commonly known as the One Big Beautiful Bill Act, which was signed into law Friday by President Donald Trump. The House approved the measure ...

WASHINGTON — In a surprise move, the Republican-led Senate quickly passed the No Tax on Tips Act on Tuesday, giving its official stamp of approval to an idea that has gained traction since President ...

The Tax Relief for American Families and Workers Act of 2024, also known as the "One Big Beautiful Bill," has officially passed. While a stated goal of this act is to boost the economy and lower taxes ...

Several provisions from the Tax Cuts and Jobs Act of 2017 are scheduled to expire at the end of 2025 without changes from Congress. Enacted by former President Donald Trump, the law included lower tax ...

Legislation passed by Congress will allow the IRS to grant tax relief when a governor declares either a disaster or state emergency rather than waiting for a federal disaster declaration, which may ...