tax

Former President Donald Trump has proposed making the interest on car loans tax-deductible for vehicles manufactured in the United States. This move is seen as an attempt to bolster the American auto industry and attract voters. What Happened: Trump made this announcement on Tuesday during a rally...

A loophole in the 2017 tax law is allowing large corporations to save millions of dollars that would have otherwise been paid to the government. What Happened: The Internal Revenue Service (IRS) attempted to rectify the issue with regulations, but the U.S. Tax Court unanimously ruled last week that...

Vice President Kamala Harris is reportedly calling for an increase to the corporate tax rate that would roll back part of former President Donald Trump's legislation from 2017 that resulted in a significant lowering of corporate taxes. What To Know: According to an NBC News report, Harris campaign...

In an attempt to address the escalating US debt crisis, Jamie Dimon, CEO of JPMorgan Chase & Co., has suggested a possible solution: taxing the wealthy at the same or higher rates than the middle class. What Happened: During a “PBS News Hour” interview, Dimon expressed his belief...

H&R Block Inc (NYSE:HRB) reported financial results for its fiscal fourth quarter after the market close on Thursday. Here’s a look at the key metrics in the report. Q4 Revenue: $1.063 billion, versus estimates of $1.028 billion Q4 EPS: $1.89, versus estimates of $1.74 “In...

As the cannabis industry awaits potential federal policy changes, Beau Whitney, founder and chief economist at Whitney Economics, shares his analysis of how these reforms could reshape its financial future. His observations come ahead of the Benzinga Cannabis Capital Conference this October, where...

In his speech at the Republican National Convention, Republican presidential nominee Donald Trump urged Democrats to stop the “partisan witch hunts” against him, using the recent dismissal of his classified documents case by a Florida judge as an example. He also stated that the...

Donald Trump aims to attract Wall Street donors with promises of new tax cuts next year. However, there are concerns about adding to the national debt due to the potential $4.6 trillion price tag attached to extending his 2017 tax cuts, reported Bloomberg. Despite the projection, many Republicans...

Intuit Inc (NASDAQ:INTU) shares tanked in premarket and morning trading on Friday, even after the company reported strong results for its fiscal third quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. BofA Securities On Intuit Analyst Brad Sills...

President Joe Biden‘s chief economic adviser reportedly vowed that Democrats would seek to overturn Trump’s corporate tax cuts in 2025, sparking a potential clash with the GOP over a tax law with expiring provisions. “It’s clear we need to end the 2017 tax breaks for the...

“Shark Tank” investor Mark Cuban has called for taxing robots, citing Marc Andreessen, a prominent venture capitalist. What Happened: Cuban responded to a post by Andreessen via X, formerly Twitter, where the latter suggested that the increasing use of robots in the workforce could lead...

The cannabis industry has seen tremendous growth in recent years, with more individuals, entrepreneurs, and organizations joining the industry. As a way of celebrating the outstanding contributions of these players, Benzinga is set to have Tiffany Richardson, a tax managing partner at Crowe LLP,...

The IRS is poised to take a significant leap into the digital age following an announcement by Treasury Secretary Janet Yellen. Taxpayers will soon have the opportunity to submit documents electronically, advancing the agency’s transition toward a paperless system ahead of...

As the U.S. Congress grapples with a deadlock battle over government spending that could soon lead to a government shutdown, the country is also suffering the highest peak in government debt of its history. While the most conservative side of Republican lawmakers are arguing for spending cuts to...