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Two House Democrats have a new plan to provide a more generous state and local tax deduction.
February 24 -
Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.
February 16 -
The Golden State is poised to restore corporate tax breaks and extend its workaround for the federal cap on deductions for state and local taxes.
February 8 -
The service is working on text bots and chat bots to improve access, and managing issues around the ACTC and EIPs.
February 1 -
Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn.
January 26 -
A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS.
January 25 -
Several House Democrats promise to sink President Biden’s economic agenda if doesn't include an expansion of the federal deduction for state and local taxes.
January 20 -
Democrats risk losing their edge in key suburban districts amid a stalemate that threatens plans to expand a tax break for well-off homeowners.
January 10 -
Handicapping which tax credits and other provisions will stay in the Build Back Better package.
December 21 -
Advocates say they'll continue pushing for the write-off, but it is not widely popular.
December 20