The Latest Breaking News from Income Tax

Despite strong year-over-year growth in GMV and revenue, Jumia Technologies (JMIA) incurred a significant loss before income tax due to currency devaluations in its largest markets, impacting purchasing power and supply availability. Given the challenging macro environment in Africa, should you invest in this e-commerce stock? Read more.

Depreciation recapture taxes gains from selling depreciated property as ordinary income, reclaiming prior tax benefits.

Rachel Reeves’ first speech as the UK chancellor highlighted the financial constraints the new Labour government faces. With taxes already at a 70-year high in relation to national income, she repeated the pledge of no increases in national insurance, income tax or VAT.

Irrevocable trusts can be structured so that trust property is either included in the potentially taxable gross estate or removed. What are the pros and cons?

A guest post from Professor Rob Natelson

Soon after winning, Tyler faced challenges like state and federal taxes, entitled cousins wanting their fair share, and whether she should buy a new house.

Some people wonder what Project 2025 is and what it suggests for taxes.

Your take-home pay is often less than expected due to several payroll tax withholdings you need to know.

To avoid getting flattened by higher taxes or Medicare premiums related to Roth conversions, make sure you look both ways on your tax rates.

The Chicago City Council is considering hiking 16 different taxes and fees. The ideas the council has been asked to consider include an income tax surcharge, a vacant lot tax, traffic congestion charges, and higher taxes on groceries and alcoholic beverages.

Georgia is imposing new restrictions on the sale of hemp products, requiring some basic standards for rented residences, cutting income taxes and requiring cash bail for dozens of new crimes