Tax breaks

What does the 2024 Trump tax plan mean for you and your clients this time around?

Tesla Inc.'s electric vehicles would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting him against Elon Musk.

A Republican sweep in November's election threatens a niche tax break that helps American colleges upgrade dorms and academic buildings on campus cheaply.

House Speaker Mike Johnson said Donald Trump's plan to end income tax on tips would have to be paid for, injecting a note of caution into one of the president-elect's key campaign pledges.

The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.

The tax break offered to municipal bond investors is coming under threat as Republicans are closer to taking control of both the White House and Congress.

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

Juan Dalmau has tapped into frustration with the island's two-party system by proposing broad tax and energy reforms.

Donald Trump touted his pledge to provide tax breaks for purchasing cars, highlighting that the benefit would only apply to vehicles made in the U.S.

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.