COLUMBIA, S.C. — 2025 is a big year for tax reform and the work now being done on Capitol Hill to extend the tax relief enacted in 2017 as part of the Tax Cuts And Jobs Act is not the only reason that ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

The Opportunity, Balance, and Better Budget Act (OBBBA), formerly known as the One Big Beautiful Bill Act, enacted on July 4, 2025, introduces the most significant changes to the tax landscape for tax ...

QBI includes the income, minus wage income, deductions, applicable gains and losses, for every eligible pass-through business that a taxpayer operates in the United States or Puerto Rico. This income ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. Congress is out for August recess and most state legislatures won ...

The 2025 US tax filing season officially begins on January 27th, and Americans will soon be reminded that our tax code remains a complex, burdensome mess. With taxes at the forefront of the Trump ...

The U.S. tax code has become increasingly complex, leading many to rely on software for filing. The author suggests a simpler system: a flat 10% tax on all income, similar to the biblical tithe.

Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X State Republicans propose a flat income tax structure Tuesday in Columbia. Credit: Office of the ...