Tax experts, IRS employees and former Treasury Department officials are all warning that the US government could lose hundreds of billions of dollars in revenue because of the Trump administration’s staffing cuts to the tax agency,

Mississippi state tax revenues are trending down compared to 2024, but interest on savings has helped offset the decline. Despite the downward trend, the state economist remains confident that Mississippi will meet its revenue projections for the current fiscal year.

T he Congressional Budget Office (CBO) has conducted a thorough analysis of the Republican tax and spending plan, revealing a stark disparity in its impact on different income gro

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big,

Lalo Valdez and Matthew Olson, who are both residents of Northern California, cost the IRS about $1.5 million and $2.1 million, respectively, by withholding employees’ income tax and not giving it to the government for two separate businesses, according to a news release from the Department of Justice’s Northern District of California.

Rev: Strong income tax collections continued to buoy otherwise torpid state general revenue fund deposits in April, the Office of Management and Enterprise Services reported.

The bill would initially reduce the state's top income tax, and consolidate six income tax brackets into three.

President Donald Trump has said that he’d like to eliminate the Internal Revenue Service and with it income tax. His plan would be to replace the approximately $3 trillion per year that the ...