The maximum amount individuals can contribute to their 401(k) plans will increase to $25,500 from $24,500 in 2027, the Internal Revenue Service announced Thursday.

The top Democratic lawmakers on the Senate Finance and House Ways and Means committees launched an investigation Thursday into the Trump administration's recent dealings with Nvidia following the resignation of its CEO, Je...(read more)

The U.S. Tax Court improperly imposed additional accuracy-related penalties against a Florida business for deductions it took for microcaptive insurance expenses, the business's owner told the Eleventh Circuit, saying the ...(read more)

An Internal Revenue Service settlement officer abused her discretion by rejecting a San Francisco marijuana dispensary's bid to settle its tax debt for less than the full amount owed via an offer-in-compromise and in susta...(read more)

Facebook parent Meta urged the U.S. Tax Court to scrap part of its $16 billion tax bill, arguing that a recent decision in a related case blocks the Internal Revenue Service from allocating income based on transactions wit...(read more)

Conservation easement donors missed the 90-day window to dispute the IRS' asserted deficiencies stemming from what it said was their overstatement of the donated property's value, the U.S. government told the Eleventh Circ...(read more)

For counsel planning a personal phone collection as part of the litigation discovery process, it's important to take early steps to ensure that necessary information will be obtained without exposing unrelated information ...(read more)

The nationwide tangle of litigation over the regulation of prediction markets grew as Robinhood challenged Missouri and OG.com sued Arkansas in separate suits to fend off potential state enforcement actions targeting the c...(read more)

A Michigan federal judge considered Tuesday whether to dismiss racketeering claims against a former mayor of the Wayne County city of Taylor who is accused of participating in a bribery scheme involving tax-foreclosed prop...(read more)

A Minnesota county isn't shielded from a parks worker's claim that its negligence caused her to spend $32,000 fighting a federal tax bill, a state appeals court said, reversing a lower court and allowing her suit against t...(read more)

Texas Democratic state lawmakers have introduced legislation to legalize and regulate the sale of recreational marijuana ahead of the state's legislative session, which is due to begin in January.

Kentucky's general fund revenue collection from July through October outpaced last year by $603 million, the Office of State Budget Director said in a report released Tuesday.

California will not enact a 5% tax to be levied once on the wealth of billionaires in the state, the Associated Press determined Monday.

Missouri was hit Monday with another lawsuit brought by a prediction market platform, this time with Polymarket filing a preemptive complaint to stave off a threatened gambling enforcement action by the state, as litigatio...(read more)

The European Union's top court rejected Poland's challenge against the bloc's carbon border adjustment mechanism, holding Thursday that the measure is fundamentally environmental in nature rather than a tax that would have...(read more)

Seven people who HM Revenue & Customs suspected phished tax professionals for client data used to claim almost £200 million ($264.6 million) in fraudulent tax refunds were arrested in Romania on Thursday, the British tax a...(read more)

A corporate owner of a Belgravia townhouse lost its bid to slash the £11 million ($14.5 million) valuation for property tax purposes when a London tribunal ruled against its assessment.

Chancellor John Healey defended the decision to keep income tax thresholds frozen in the Budget during questioning from the Treasury Committee on Wednesday.

The Sixth Circuit on Tuesday approved Perrigo's voluntary dismissal of its challenge to a Michigan federal court's adjustments to its transfer pricing analysis in a dispute with the government over an intercompany assignme...(read more)

A landfill operator is suing a garbage collection company for £1.4 million ($1.8 million) in tax, alleging that the collection company switched deliveries of waste to the landfill operator's sites, according to a court fil...(read more)

Apple saved about $2.7 billion in taxes on profits it booked in Singapore, which has edged out Ireland as the foreign country where the tech giant reported the most tax breaks, according to the company's recent financial f...(read more)