Trump, Canada and tariffs
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Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s tax and spending package. The new rules affect both itemizers and non-itemizers,
President Donald Trump’s new tax bill cuts the income tax liability for many Americans. Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1).
The ad used the words of former President Ronald Reagan to criticize U.S. tariffs, angering Trump who said he would end trade talks with Canada. Ontario Premier Doug Ford said he would pull the ad after the weekend, and it ran Friday and Saturday during the first two games of the World Series.
Americans may see larger tax refunds in 2026, thanks to the IRS updatng delays to account for Trump's retroactive tax provision, an economist says.
From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's so called "big beautiful bill."
At Malaysia summit, Prime Minister says Canada wants to shift as much trade as possible away from unpredictable U.S.