Representative Jeff Van Drew said he thinks House Republicans will end up approving a $30,000 cap on the state and local tax ...

Certain homeownership, business and healthcare deductions could significantly lower your tax bill. Here's how.

Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

Saving now can make things easier down the road. Traditional IRAs offer tax advantages that can help you grow your ...

Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get SALT back” if re-elected.

The proposed increase to the write-off would potentially be offset with reduced deductions to the amount corporations can ...

Everyone's always trying to pay less tax, hunting for as many tax deductions as possible to cut their tax bill. Over the years, the IRS has allowed some unusual tax deductions, but the ...

There are strict limitations on qualifying for this deduction, and it's one of the more complicated sections of the tax code. It is highly recommended that you use tax software that can handle ...

Comparison of the accounting and tax treatment of interest expense may reveal crucial differences and lead to best practices ...

Prop. regs. address expanded annual compensation deduction limitation ... Prop. regs. issued for spinoff transactions and ...