If Illinois’ budget is enacted as-is, Illinois will newly tax 50 percent of Global Intangible Low-Taxed Income (GILTI) as of tax year 2025, retroactively increasing tax burdens for US businesses and further hindering Illinois’ business tax competitiveness.

Senator Ted Cruz's (R-TX) CREATE JOBS Act prioritizes permanence for the most cost-effective tax reforms—expensing and Neutral Cost Recovery (NCRS)—to boost growth in a relatively fiscally responsible way.

If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently available with universal savings accounts.

The final House bill makes impressive cuts to the IRA green energy tax credits, but it does so in part by introducing more complexity.

In the United States, taxes are the single most expensive ingredient in beer. The tax burden accounts for more of the final price of beer than labor and materials combined—the many different layers of applicable taxes combining to total as much as 40.8 percent of the retail price.

Understanding the nuances of Roth conversions can help you avoid forking over more money in taxes than you need to. By Alex Astin, MBA, CEP®, IAR Published 14 June 25 (Feed generated with FetchRSS)

Tax Deadlines You make quarterly estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income for other reasons. By Kelley R. Taylor Last updated 13 June 25 (Feed generated with FetchRSS)

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on home sales and calculating tax basis in a home. By Joy Taylor Published 13 June 25 (Feed generated with FetchRSS)

Savings Accounts These savings accounts can offer tax benefits for school and retirement expenses. Here’s how. By Kate Schubel Published 12 June 25 (Feed generated with FetchRSS)

State Tax Energy bills in the Golden State may shock you if Republican lawmakers in Congress remove certain energy tax credits through Trump's 'big, beautiful bill.' By Gabriella Cruz-Martínez Last updated 12 June 25 (Feed generated with FetchRSS)