Given the poor state of the budget process and worsening debt trajectory, lawmakers should move boldly and quickly to address the issue, including via a fiscal commission process. Issues to consider should include reforms to both spending and taxes.

Some European countries have raised their statutory corporate rates over the past year, including Czechia, Estonia, Iceland, Lithuania, and Slovenia.

With war continuing in Ukraine, political instability in France and Germany, and the return of Donald Trump to the White House, this could be a year of major realignment for Europe. The tax policy mindset in Brussels should shift accordingly.

According to a new poll from the Tax Foundation and Public Policy Polling, more than half of taxpayers lack basic tax literacy, regardless of educational attainment, income level, or political affiliation.

From 2021-2024, within the span of 3.5 years, more states enacted laws converting graduated-rate individual income tax structures into single-rate income tax structures than did so in the whole 108-year history of state income taxation up until that point.

Gift Tax Knowing the annual gift tax exemption can save you time and money. By Kelley R. Taylor Last updated 14 January 25 (Feed generated with FetchRSS)

Tax Policy The stability of the IRS faces yet another challenge as the U.S. presidency changes hands. By Gabriella Cruz-Martínez Published 14 January 25 (Feed generated with FetchRSS)

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Tax Filing IRS Direct File has some wondering if people will leave H&R Block and TurboTax and let the IRS do their taxes. By Kelley R. Taylor Last updated 14 January 25 (Feed generated with FetchRSS)