Massive employer Wesfarmers, which runs Bunnings, Kmart, Target and Officeworks, is holding its annual general meeting at 4pm on Thursday where its chairman Michael Chaney will lament large taxes ...

If Rachel Reeves were to introduce a wealth tax it would be a disaster and could cause more harm than good, advisers have said. As the Budget nears, speculation continues about whether the chancellor ...

The IRS recently released the inflation-adjusted tax brackets for the 2026 tax year. The updated standard deduction was announced as well. With all other factors being equal, some high earners could ...

A fierce Trump administration push to stop the global shipping industry from paying for its own climate pollution appeared to have been successful Friday, as efforts to approve the “world’s first ...

If you asked the IRS for six more months to work on your 2024 tax return, you’re about to run out of time. And while most IRS operations are closed and nearly half of its workforce furloughed due to ...

Despite the continuing government shutdown, taxpayers who requested an extension earlier this year from the IRS to file their return still have to meet the cutoff date. Taxpayers who needed more time ...

A popular tax break for workers nearing retirement age to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new regulations last ...

The IRS on Thursday provided annual inflation adjustments for more than 60 tax provisions for tax year 2026 and increases to the standard deduction for tax year 2025 as prescribed in H.R. 1, P.L.

Remember: Oct. 15 remains the extension deadline for filing a 2024 Michigan individual income tax returns, too. Someone who files a paper return, experts said, should be prepared for processing delays ...

Federal support can’t last forever, but things aren’t looking great for electric vehicles in the US. On Wednesday, federal EV tax credits in the US officially came to an end. Those credits, expanded ...

Since taking office three years ago, Governor Youngkin has announced tax rebates for Virginians each year. On Wednesday, he said strong job growth and more than $10 billion in surplus revenue are ...

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...