Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — typically in October or November — the IRS announces inflation adjustments that affects everything from the tax brackets people are subject to…
Hong Kong is in talks with several Chinese electric-vehicle makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base — a relatively complex process requiring advanced skills, the people…
The “big, beautiful bill” signed into law by President Trump in July provides a bevy of new tax cuts and deductions that could lower taxes for millions of Americans, according to a recent analysis from the Tax Foundation. The typical filer could see a tax cut of $3,752 in 2026, the nonpartisan think tank found….
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuamPalauAlberta, CanadaBritish Columbia, CanadaManitoba, CanadaNew Brunswick, CanadaNewfoundland, CanadaNova Scotia, CanadaNorthwest Territories, CanadaNunavut, CanadaOntario, CanadaPrince Edward Island, CanadaQuebec, CanadaSaskatchewan, CanadaYukon Territory, Canada Zip Code Country United States of…
No tax on tips: What workers should know No tax on tips: What workers should know 01:45 The Republican-backed fiscal package signed into law by President Trump on July 4 includes a temporary tax break that stands to benefit millions of Americans: a provision that allows eligible workers to avoid paying federal income tax on…
An Indian entrepreneur has revealed that she and her family are leaving the UK after nearly 10 years of calling it home. Pallavi Chhibber explained in an Instagram video the multiple reasons behind their decision to move out, blaming rising expenses and stagnant growth among other things. A London-based Indian woman reveals why she is…
U.S. President Donald Trump signs the sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” at the White House in Washington, D.C., U.S., July 4, 2025. Ken Cedeno | Reuters Roth individual retirement account conversions have become a popular way for investors to reduce lifetime taxes. But for some high earners,…
How Trump budget law will impact green energy How Trump’s budget law will impact green energy in the U.S. 08:06 The window to take advantage of clean energy credits is running out. After three years, the sun is setting on a series of tax credits aimed at lowering the cost of buying electric vehicles, as…
WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last…