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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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4 mins read

Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid

Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…

Ayelet Sheffey   


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4 mins read

Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits

Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…

John Towfighi   


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2 mins read

CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated

Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…

PTI   


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1 min read

First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary

The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…

PTI   


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5 mins read

Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.

Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…

Ayelet Sheffey   


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4 mins read

A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.

Nevada is one of the most unaffordable places in the country. The mayor of Reno says cities need to…

Eliza Relman   


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4 mins read

The US is on the cusp of a lithium boom to loosen China's grip on EVs

The Biden administration is encouraging US lithium mining through a mix of loans, grants, and tax b…

Catherine Boudreau   


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6 mins read

Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy

The mass deportations former president Donald Trump is proposing could reshape labor markets, strai…

Noah Sheidlower   


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7 mins read

A battle over the future of US retirement is playing out in Pennsylvania as the election looms

Pennsylvania is among the top states with the fastest-growing older population. It sets the stage f…

Ayelet Sheffey   


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2 mins read

Did you know about the only Indian state exempt from paying any income tax? Know all about it here

​​Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…

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2 mins read

Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem

A millionaires tax has helped other states tackle big problems. It helped Massachusetts provide fr…

Kenneth Niemeyer   


Ayelet Sheffey   


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5 mins read

One chip company's newest tactic to attract workers: Help pay off their student loans

GlobalFoundries, a New York-based chipmaker, is offering employees up to $28,500 in student debt re…

Jacob Zinkula   


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2 mins read

Russia confirms it's going to make it more painful for companies to quit the country

Russia's finance minister on Thursday confirmed reports that Moscow will raise exit taxes and other…

Mia Jankowicz   


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5 mins read

America's chipmaking push will continue no matter who gets elected

US efforts to increase the production of semiconductor chips will continue under either a Harris an…

Jacob Zinkula   


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3 mins read

Subsidies help a 55-year-old pay $96 a month for health insurance. Her costs could increase 186% if they expire next year.

Lisa Jolly, 55, relies on pandemic-era subsidies to pay for ACA coverage. The subsidies could expir…

John Towfighi   


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3 mins read

Kamala Harris' pitch to families struggling to care for both kids and aging parents: Medicare for in-home eldercare

Kamala Harris proposed Medicare coverage for in-home eldercare, which cost families an average of n…

Ayelet Sheffey   


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6 mins read

America's trade war is coming for Gen Z's favorites

Gen Z could see higher prices on Shein and Temu goods due to a Biden administration proposal.

Jacob Zinkula   


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4 mins read

How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places

Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging th…

Eliza Relman