The U.S. Senate unanimously passed the "No Tax on Tips Act," a bill that would create a tax deduction on tips worth up to $25 ...

House Republicans are trying to secure passage of President Trump’s tax breaks, spending cuts and beefed-up border security ...

According to a 2022 CBO report, the baseline household income for Americans in the lowest tenth of the distribution is $32,200, after taxes and transfers. That figure increases to $444,600 for ...

If there were any doubt that US House Republicans support President Trump’s attempts to devastate elite educational institutions, it was laid to rest Monday. The House Ways and Means Committee ...

Maryland's 2026 budget was among 160 bills that were signed into law Tuesday by Gov. Wes Moore. The nearly $67 billion ...

We’re deep into local budget season in Maryland, when decisions are made for spending nearly $28 billion on priorities and ...

For the amount of tax they pay, you could forgive the people of Elmbridge, Surrey, for expecting a little more from their local services. On a sunny Monday morning, Julia and Barry McCance are running ...

Financial disclosures show wide income disparities among candidates, from Mikie Sherrill's $3.2 million to GOP hopeful who ...

Lawmakers in Washington state have passed legislation that would increase taxes on capital gains, create a surcharge on income for large businesses, and impose other measures to boost revenue in ...

Currently, if you itemize tax breaks, you can't deduct more than $10,000 in levies paid to state and local governments, including income and property taxes. Raising the SALT cap has been a ...