Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

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 ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

As of January 1, 2025, 10 states changed their income tax codes. Nine of those states reduced their tax rates, and one no ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The South Carolina Senate approved a new state budget proposal ...