The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. Typically, this is represented quarterly with each earnings report ...

Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...

The “One Big Beautiful Bill Act” (the “BBB”) was signed into law by President Trump on July 4, 2025. The BBB generally extends certain tax provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) that ...

ATLANTA, May 29, 2025 (GLOBE NEWSWIRE) -- Lucasys, the leading tax software and service provider for energy and utilities, announces the release of its Tax Provision software solution. Purpose-built ...

The One Big Beautiful Bill Act (the OBBBA), Pub. L. No. 119-21, was enacted July 4, 2025. The OBBBA makes numerous changes to the United States Internal Revenue Code of 1986 (the Code). Fulfilling a ...

The IRS has announced the federal income tax brackets for 2026, incorporating inflation adjustments that shift thresholds for ...

The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime ...

With 30 tax provisions set to expire at the end of 2025, the tax liabilities for family farms could increase at a time America’s farm families can ill afford any additional hits to the budget.

Meta, the parent of Facebook, Instagram and more, saw its top-revenue jump 26% to a whopping $51.2 billion. But a provision ...

North Ridgeville voters rejected a proposal Tuesday to raise the city’s income tax from 1% to 1.75%, despite provisions that would have reduced the tax burden for an estimated 80% of the city’s ...

No provision in the new tax bill makes Social Security benefits tax free. Social Security benefits began being taxed at the federal level in 1984 to shore up the Social Security trust fund, which was ...