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The Internal Revenue Service (IRS) changes more than 60 tax rules every year to account for inflation. This stops something called "bracket creep." People move into higher tax brackets or lose value from credits and benefits when inflation rises instead of their real income rising. This is called "bracket creep."

As the race for president in 2024 gets under way, candidates are starting to make plans for how they would handle taxes. Getting the government corporate tax rate down from 21% to 15% is a tax plan that both former President Donald Trump and former Vice President Mike Pence supported.

This week, we released our yearly State Business Tax Climate Index, which looks at how taxes are set up. Readers can compare state tax systems across more than 120 factors, making it a very useful diagnostic tool.

Former governor and UN ambassador Nikki Haley (R-SC) suggested doing away with the federal gas tax in order to bring down fuel prices for customers during the most recent Republican primary debate.

The federal deficit this year is the biggest in U.S. history, excluding years when there were pandemics.

Several places are already putting Pillar Two into action, and many governments want their plans to be accepted before the end of 2023. But it's hard to guess how Pillar Two will affect the government's income. Because of this, only a few countries have shared their results with the world.

The State Business Tax Climate Index from the Tax Foundation lets business leaders, officials in government, and taxpayers see how their states' tax systems compare to others. There are many ways to show how much a state government gets in taxes, but the Index is meant to show how well states set up their tax systems and offer suggestions for how to make them better.

How government hiring shows up in ways that weren't planned.

The current federal budget deficit and the accumulated debt result from Congress spending more than they are willing to raise in taxes.

The Internal Revenue Service (IRS) has published a feasibility assessment on the viability of a government-run direct file program for taxpayers, ahead of the agency's anticipated launch of a Direct eFile pilot program in the approaching 2024 tax filing season.