For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it's up to taxpayers to see if they can take ...

A budget deal brokered by Wisconsin Democratic Gov. Tony Evers and Republicans who control the state Legislature cleared a ...

President Donald Trump signed the sweeping tax and spending bill, unleashing a wave of transformative changes set to reshape ...

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into ...

Our tax code works best when it adequately funds the public services that make our society better without putting financial ...

The state's tax burden is driven largely by its sales and excise taxes, which alone account for 7.17 percent of residents' income - the highest in the nation.

In addition, some states will have sales tax "holidays" to spur retail business. 1. Alaska Alaska is the most tax-friendly state in the country, with no sales or income tax.

Only a few U.S. states currently do not levy personal income taxes. Donald Trump, however, has floated the idea of eliminating income taxes for all Americans.

The Mississippi House has voted to eliminate the state’s income tax over ten years, while raising the sales tax and the gas tax for residents ...