tax changes
Tax changes refer to modifications in the laws and regulations governing how taxes are collected and calculated. These changes can affect various types of taxes, including income tax, sales tax, and property tax. Governments may implement tax changes to increase revenue, stimulate economic growth, or address social issues.
Tax changes can occur at different levels, such as federal, state, or local. For example, the Internal Revenue Service (IRS) may adjust tax brackets or deductions, while state governments might alter sales tax rates. These adjustments can impact individuals, businesses, and overall economic activity.