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Good news for taxpayers in New York, New Jersey and California. Lawmakers are going to start talking about rolling back a new limit on a popular break for state and local taxes.
June 6 -
The Tax Court has held that the generous tips and gifts that a Catholic evangelist considered to be part of his efforts to spread the gospel were not deductible charitable contributions.
June 5 -
The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.
May 20 -
The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.
May 14 -
The Internal Revenue Service didn’t comply with congressional directives before closing offices last year, according to a new government report.
May 13 -
A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse.
May 10 -
States are enjoying windfalls after struggling to predict how President Donald Trump’s federal tax law changes would ripple through their revenue.
May 10 -
President Donald Trump earned a large amount of interest income two decades ago that was used in tandem with then-burgeoning losses to help him avoid paying federal taxes, according to newly published tax details.
May 9 -
The senator said she’d seek to repeal all of the tax overhaul, including its breaks for wealthy earners, corporations and the middle class.
May 7 -
President Donald Trump said that New Yorkers could have thwarted a provision in his tax law that limits state and local tax deductions, one of the most controversial changes in the 2017 overhaul that contributed to Republican losses in the 2018 midterms.
April 29 -
As more presidential candidates release their tax returns, a picture of Democrats’ charitable giving is beginning to emerge. For the most part, they’re not as generous as most Americans.
April 26 -
The Democratic presidential candidate and New Jersey senator released 10 years of tax returns, showing he faced a new cap on deductions of state and local taxes.
April 25 -
The Senate looks to ease the burden on taxpayers who travel to work in multiple states.
April 23 -
If Democrats in Congress succeed in their quest to get Donald Trump to cough up his tax returns, they’ll have another Republican president to thank: Warren G. Harding.
April 22 -
The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.
April 17 -
The Democratic presidential candidate made a mistake on deducting medical expenses in 2013 and 2014.
April 16 -
The Vermont senator and his wife earned more than $1 million in total income in 2016 and 2017.
April 16 -
Citing an “unambiguous legal obligation,” House Ways and Means Committee Chairman Richard Neal set the IRS a deadline of April 23 to hand over President Donald Trump’s tax returns before potentially resorting to other legal options.
April 15 -
The California lawmaker, one of 18 declared candidates for the 2020 Democratic presidential nomination, released 15 years’ worth of returns.
April 15 -
The Minnesota senator who is seeking the 2020 presidential nomination has already released 12 years of returns dating back to 2006.
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