Texas' $51 billion property tax cut could save homeowners $500 a year-if voters approve it in November. But redistricting debate may drown it out.

The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, according to the nonpartisan Congressional Budget Office.

Tax professionals warn that improper donation reporting is triggering audits and penalties for well-meaning taxpayers.

Industry experts warn that payroll mistakes are becoming a leading cause of tax penalties for small business owners in 2025. IRVINE, CALIFORNIA / ACCESS Newswire / August 13, 2025 / A growing number of small business owners are facing costly penalties from the Internal Revenue Service (IRS) due to payroll errors,

Most of us hate taxes, but maybe none so much as Harvey Schein, a top entertainment executive who died at 80, having been greatly agitated by the notion of owing money to the government after his death. His obsession with the estate tax broke his marriage, alienated his children and, in the end, consumed his last days in anger and paperwork.

Over the past several months, the Trump administration has implemented key aspects of its economic policies by raising tariffs on nearly all U.S. trading partners and winning final congressional passage of its sweeping tax and budget bill,

The more than $6 billion spending plan passed 10-1 during a meeting that stretched all day Wednesday and well into Thursday.

Social Security's trust funds are approaching insolvency in less than a decade as worker-to-retiree ratios decline, forcing Congress to consider painful tax hikes or benefit reductions.