Getting your Trinity Audio player ready... By DAVID A. LIEB, The Associated Press As the tax-filing deadline nears, millions of Americans are expected to claim new federal income tax breaks for tips ...

State income tax is a tax levied by a state on the income of its residents, as well as on any nonresidents who earn state-sourced income.

Here is an overview of the many federal, state, and local taxes that small businesses can face, along with the major tax deductions and credits that they may be entitled to.

(AP) - As the tax-filing deadline nears, millions of Americans are expected to claim new federal income tax breaks for tips and overtime wages available for the first time under a wide-ranging tax law ...