The $1,700 federal tax credit to support private school tuition delivers a long-sought victory to Orthodox Jewish advocacy ...

A quiet home equity tax could cost 2 out of 3 Washington homeowners thousands when they sell, unless Congress steps in.

President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the ...

Most of the excess receipts from corporate tax have disappeared into the budgetary ether, in some cases to overruns in Health ...

The UK government plans to scrap its windfall tax on oil and gas companies if energy prices fall below certain levels, abolishing a levy that has raised around £2.8 billion ($3.5 billion) since ...

The windfall tax affects businesses and industries by targeting companies with unexpected or high profits. It can increase costs, change financial strategies, and impact decisions on growth or ...

Windfall tax: In a significant policy shift, the Union government has reduced the windfall tax on domestically produced crude oil to Rs 2,100 per tonne, a sharp drop from the previous rate of Rs ...

LONDON, May 26 (Reuters) - Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday to help fund a 15 billion pound ($18.9 billion) package of support for households ...

Note: If you received the windfall on the last day of 2024, you can still make contributions up until the 2025 tax filing deadline of April 15, 2025. Roth IRAs ...

Windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits.

A windfall tax can reduce a country’s competitiveness by discouraging foreign investment. Companies might move to countries with lower taxes, causing job losses and less economic activity at home.