LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

One of Tesla’s biggest tax-saving mechanisms is accelerated depreciation, a loophole that allows corporations to write off the cost of assets much faster than they actually lose value. In 2024, Tesla ...

The bill would completely overhaul the U.S. taxation system and essentially disband the Internal Revenue Service.

As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...

Several industries and taxpayers are eagerly waiting for the second full-fledged budget of the Narendra Modi-led NDA ...

Finance minister Nirmala Sitharaman on Saturday will present the Union Budget 2025-'26 in the Lok Sabha at 11 am.

House Bill 40 is part of Idaho House Speaker Mike Moyles' effort to reduce taxes by more than $400 million through three ...

Given the current economic landscape, taxpayers are hoping for measures that will ease financial burdens and promote economic ...

Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security ...

Increased taxes would add to farmers’ current difficulties, as farmers continue to face increasing production expenses and ...

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk ...

Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked ...