Tax credits and tax deductions both decrease what you owe the IRS, but in different ways. Here's the difference, and how you can make them work for you.

Nobody likes to pay taxes. They are necessary, but at least they should be fair. Looking at personal taxes, some are in favor of graduated taxes where the more you earn the high the percentage in ...

New Jersey Policy Perspective calls for a new multimillionaires' tax, a broader sales tax, and new reporting requirements for businesses. (Illustration by Alex Cochran for New Jersey Monitor) New ...

Secretary of Commerce Howard Lutnick recently announced on CBS News that the Trump administration wants to eliminate income taxes for those making $150,000 a year or less. Were that to happen, only ...

As states look to generate more revenue in an inflationary economy, along with the risk of a recession, progressive governors like J.B. Pritzker who advocate for progressive income taxes also support ...

Local, state and federal governments need to tax citizens so that they can pay for the programs and services those citizens need. And while U.S. federal taxes are a progressive tax system, there are ...