U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability. While student debt forgiveness was exempt from federal income tax since the passage of the American Rescue Plan in 2021,

Democrats’ older alternative minimum tax claws back billions of dollars in savings from the newer GOP law.

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.

Swarthmore is considering an emergency service tax to fill budget shortfalls amid the closure of Crozer-Chester Medical Center and rising service costs.

The Trump administration is considering a new import duty on 13 of Italy's largest pasta exporters, including Barilla and La Molisana.

GOP candidates are wagering the tax deduction will be a winner with working-class voters, while their Democratic opponents try to flip the script.

U.K. bond prices and the pound dropped following media reports that the government had abandoned plans to raise income taxes, raising questions about what path it might now take to fix Britain’s broken finances.

An extension of enhanced ACA tax credits appears unlikely, experts say, leaving millions of Americans facing potentially higher health plan costs in 2026.