The Governor’s Office of Management and Budget projected last month that Illinois is on track to run a $267 million deficit ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. The experience with the tax bill enacted at the end of President ...

Long Island accountants explain how the One Big Beautiful Bill Act extends 2017 tax cuts, reinstates 100% bonus depreciation, and alters business deductions.

Indiana lawmakers could use the upcoming special session not only to draw new legislative maps but also to head off what tax ...

Nearly two months after Republicans’ massive tax and spending bill was signed into law, state policymakers are beginning to work out how “no tax on tips” and other U.S. tax code sweeteners will play ...

A bipartisan House bill would remove federal taxes from military bonuses. The bill, nicknamed the BONUS Act, would exempt servicemembers’ enlistment, reenlistment, and performance bonuses from being ...