Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the one the president promised on the campaign trail last year.

Federal tax and spending legislation signed into law by President Donald Trump on July 4 delivers substantive benefits to the wealthy by extending tax provisions that were set to expire—and by tweaking current tax laws to create new perks.

While the law provides some benefits for businesses, those may be outweighed by significant risks, small-business consultant Gene Marks writes.

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.

Investors Letizia Alto and Kenji Asakura qualify for Real Estate Professional Status (REPS), which offers significant tax benefits.

During this week’s PMQs, Sir Keir Starmer refused to rule out the introduction of a wealth tax, despite Kemi Badenoch demanding a cast-iron guarantee that the Prime Minister would not launch an autumn Budget raid on the wealthy.

President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street but fueling concerns about the long-term health of the US economy, investors say.

and the Government has already had to row back on planned cuts to pensioner benefits and working-age benefits, tax rises would look increasingly likely.” The Resolution Foundation’s Ruth Curtice agreed that there would be no savings in 2029/30 ...

Contractor groups are pleased with the new $3.4 trillion federal budget, touting tax relief and other measures they say will benefit construction.

While you may have initially opted for the sole proprietorship or partnership structure for your startup, these structures may not be practical once your business grows.