President Donald Trump’s new tax bill cuts the income tax liability for many Americans. Altogether, roughly 40% of U.S.

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.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Legal fees as income? Why worry about deducting legal fees? Most ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. An image focused on the legal side of monetary gains using a ...

A range of changes in individual tax rates and breaks could boost household war chests in early 2026 through a combination of ...