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Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.
January 13 -
Newly expanded and improved tools will be available when tax season kicks off this month.
January 10 -
About 20 GOP House members from New York, New Jersey and California were invited to Mar-a-Lago ahead of a looming fight over the 2017 tax cuts.
January 8 -
From those with no individual income tax at all, to those with complex tax structures — a guide to most and least competitive states when it comes to individual income taxes.
December 23 -
Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.
December 19 -
An Atlanta court ruled in favor of a Biden administration Department of Labor guideline reclassifying many freelancers as full-time employees.
December 10
Invoice Home -
A New York Republican congressman says that lifting the cap on state and local taxes will be crucial to getting Trump's tax overhaul through the House.
November 21 -
Who controls how many branches of government is having repercussions at every level.
November 21 -
Illinois voters approved a nonbinding proposal to add an extra 3% levy on annual incomes of more than $1 million, which could fuel a new effort to raise taxes on the state's highest earners.
November 6 -
With 2025 nearly here, year-end tax strategies including gifting, charitable donations, estate planning, retirement plans and more are on the table.
November 6
BNY Pennsylvania and BNY Wealth -
The number of taxpayers filing individual income tax returns is projected to increase by about 10,000,000 over the next eight years.
October 31 -
The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.
October 29 -
The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.
October 23 -
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.
October 22 -
Tax cuts and Mickey's slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.
October 15
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Sens. Bill Cassidy and Mark Warner introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for refunds.
October 9 -
Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.
October 1
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National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.
September 19 -
The former president pledged to lift a cap on the state and local tax deduction valuable to many New York homeowners that he imposed as president.
September 19 -
Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House.
September 17















