President-elect Donald Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth − but there’s ...

I believe there are two key areas in particular where Trump’s victory could produce economic benefits over the next four years. But there’s also a cost that will have to be paid. Extending Trump’s ...

Estate taxes: The TCJA doubled the basic exclusion amount for estate taxes. It is currently $13.61 million per spouse and will rise in 2025 to $13.99 million. The estate exemption will be cut in half ...

Mr Findlay labelled this response Mr Swinney’s “big book of selective statistics” and Scottish Tory business spokesman Murdo Fraser disputed the First Minister’s claim that Scottish economic growth ...

Trump also proposed several new key tax initiatives, such as removing the current $10,000 limit on the state and local tax (SALT) deduction, eliminating taxes on Social Security and tip income, and ...

The Scottish Parliament's finance committee highlighted concerns about the damaging combined impact of income tax, which is ...

With changes reshaping the retirement savings landscape, high-net-worth individuals (HNWIs) are looking beyond traditional ...

Determining your tax bracket, however, is complex, and the income cutoffs for each tax rate typically change each year. Here are the 2025 income tax brackets for federal taxes due ...

Overall, said Matt Orton, head of advisory solutions and market strategy and chief market strategist at Raymond James ...

– Earned Income Tax Credits. For qualifying taxpayers who have three or more qualifying children, the tax year 2025 maximum Earned Income Tax Credit amount is $8,046, an increase from $7,830 for tax ...

Here’s what you need to know about the differences between tax deductions and tax credits and how they can help you reduce your tax bill and maximize your tax refund.