Elon Musk’s SpaceX has paid little to no federal income tax since its 2002 launch, despite securing billions of dollars in U.S. government contracts. A tax maneuver rooted in more than $5 billion in accumulated losses—and made indefinite by a 2017 law—continues to shield the rocket company from the IRS.

Jannik Sinner clinched his first Wimbledon title by defeating rival Carlos Alcaraz, showcasing a strategic mastery that could redefine their storied rivalry. The victory not only marks a milestone in Sinner’s career but also intensifies one of tennis’s most captivating matchups.

Congress has passed President Trump’s nearly 900-page tax and spending bill, enacting $4.5 trillion in tax cuts and significant changes to national defense, immigration, and healthcare programs. The legislation promises wide-reaching impacts on America’s fiscal and social landscape.

As Independence Day approaches, President Trump aims to sign the “Big Beautiful Bill,” a move that Grover Norquist believes will grant Americans the freedom to keep more of what they earn.

Senate Republicans are moving closer to accepting the House’s $40,000 SALT deduction cap, navigating budgetary obstacles to reconcile key legislative differences before the July 4 deadline.

President Donald Trump’s plan to cut taxes by trillions of dollars could lead to billions being trimmed from social safety net programs, including critical food assistance for lower-income Americans.

In a world where splitting a bill is a tap away, Lynn Westmoreland argues that President Trump safeguarded our digital transactions from potential IRS surveillance under Biden’s administration. As cash gives way to apps like Venmo and Cash App, concerns over privacy and government oversight come to the forefront.

US small business sentiment has improved in May for the first time this year, fueled by hopes for President Trump’s spending bill, even as uncertainty and tax concerns loom large.

Discrepancies between your Form 16 and 26AS can lead to missed deductions and potential issues with your tax return. By carefully comparing these forms and alerting your employer to any errors, you can ensure you claim all eligible deductions.

Investor unease gripped the markets Wednesday, highlighted by a bond sell-off and a declining dollar, as lawmakers debated a tax-cut bill that may boost the US deficit. President Trump’s push for the legislation has raised concerns about the nation’s fiscal future.

As Ohio debates eliminating property taxes, leader Russo warns of the absence of alternative funding for schools and essential services.

Berlin’s fiscal year 2026 budget is set for a public hearing on May 28, with recent cuts reducing the tax increase to just 55 cents above the current rate. The city council’s efforts aim to minimize the financial burden on residents while maintaining essential services.

In a decisive move during budget discussions, Kaslo council has approved a nine percent increase in municipal taxes, surpassing staff recommendations. The decision, made on April 15, signals the council’s commitment to addressing the town’s financial needs.

In recognition of the hardships caused by recent disasters, the IRS is granting automatic tax filing extensions to affected individuals. Survivors of wildfires, hurricanes, floods, and tornadoes now have more time to file their taxes without the burden of additional paperwork.

Disabled veterans in Indiana are expressing concern over a proposed bill that could eliminate two property tax deductions they have relied on for 50 years. The House’s version of Senate Bill 1 threatens to remove these longstanding benefits, potentially impacting the financial well-being of veterans across the state.

As tax season approaches, finding the right software to navigate the complexities of tax filing can make all the difference. With numerous options available, selecting a tool that fits your needs can streamline the process and maximize your refund.

Understanding taxes can seem daunting, especially if you’re new to the workforce or navigating self-employment. Taxes play a crucial role in funding public services like education, infrastructure, and healthcare. This guide aims to demystify the basics of taxes, helping you navigate the tax landscape with confidence.

As retirement approaches, one of the foremost concerns is how to preserve your hard-earned savings from excessive taxation. Effective tax planning can significantly enhance your retirement income, ensuring you enjoy the fruits of your labor without unnecessary tax burdens. By understanding various strategies and leveraging tax-efficient accounts, you can minimize taxes on your savings and secure a comfortable retirement.

Tax season often brings with it a whirlwind of stress and confusion. Misconceptions about tax laws can lead to costly mistakes, missed deductions, and even legal troubles. To help you navigate the complex world of taxes, we’ve compiled and debunked some of the most common tax myths.

Understanding the intricate details of the U.S. tax system is crucial for effective financial planning. The United States employs a multi-tiered tax system involving federal, state, and sometimes local taxes. This means that, as a taxpayer, you’re often subject to multiple layers of taxation, each with its own rules and rates.

Navigating the complex world of real estate taxes can be daunting. Whether you’re a homeowner looking to sell, an investor eyeing rental properties, or simply curious about how property taxes work, understanding the nuances can save you money and stress. This comprehensive guide will break down property taxes, capital gains, and other essential tax considerations in real estate.