A severance tax is imposed by states on extracting non-renewable resources, like oil and gas, for external consumption. It ...
Learn about the Indian Employment Credit, a tax initiative rewarding companies for hiring enrolled tribe members or spouses on reservations, up until 2021.
Tax law changes and IRS layoffs may delay 2025 tax refunds. However, taxpayers who file electronically and accurately will ...
The IRS workforce was cut by 27% in 2025. Taxpayers who encounter problems when filing this year, due to tax law changes from last year, could face delays due to the smaller tax agency.
Learn about under reporting, a practice that impacts tax liabilities, funds federal programs, and can lead to penalties.
Discover how the Taxpayer Relief Act of 1997 reshaped U.S. tax policy, introducing credits such as the Roth IRA, and offering ...
Discover what hobby loss means and how to avoid it. Understand IRS rules impacting tax deductions for activities not engaged ...
Learn how energy taxes work, their types, impacts on government revenue, and their role in promoting energy conservation and reducing emissions.
Discover how governments and institutions generate revenue through fiscal capacity, affecting policy and services, with ...