Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1). Similarly, 40% of households had a $0 federal tax bill in 2022, under the Biden administration. However, Trump’s tax cuts favor specific groups, which means some Americans may see a $0 tax bill for the first time (2).

Democratic lawmakers in Dover have introduced new legislation designed to protect against a looming $400 million shortfall they say would be caused by the Trump Administration’s recently passed “One B

FILE - President Donald Trump signs his signature bill of tax breaks and spending cuts at the White House, July 4, 2025, in Washington, surrounded by members of Congress. (AP Photo/Julia Demaree Nikhinson, File) New Mexico lawmakers are to open a special ...

As the famous saying goes, there are only two certainties in life: death and taxes. And every taxpayer should be aware of major changes to the tax code for the 2026 tax year. These include the tax brackets that dictate how much people will pay based on how much income they make each year.

SPRINGFIELD — Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue. The Governor’s Office of Management and Budget projected last month that Illinois is on track to run a $267 million deficit in fiscal year 2026.

If a political appointee tried to demand a probe of a left-wing donor, they would not only violate the law but also trigger a criminal reporting requirement.

Under Colorado’s tax code, changes to federal tax rates immediately affect the state. Major tax cuts from Congress left Colorado with a surprise shortfall. Other Colorado policies make its revenue especially vulnerable to income tax changes and limit ...

Messrs. Ryan and Pomerleau’s border-adjustment tax is akin to a gateway drug, writes Grover Norquist.

The Trump administration is making plans for how to go after left-wing groups it says are fomenting political violence following the killing of Charlie Kirk, while nonprofits prepare to defend themselves. President Donald Trump, his vice president and ...

Not long after U.S. housing prices reached a record high this summer—the median existing home went for $435,000 in June—President Donald Trump said that he was considering a plan to make home sales tax-free. Supporters of the idea, introduced by U.S. Rep.