Income taxes

The document reflects the reduced 24 percent withholding rate in the Tax Cuts and Jobs Act.

The Internal Revenue Service issued a notice Thursday providing interim guidance to clarify how the suspension of the personal exemption deduction in the Tax Cuts and Jobs Act will affect some of the rules under the Affordable Care Act for claiming the premium tax credit for health insurance.

Empire State taxpayers sent about $24 billion more to the federal government last year than they got back in spending.

Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle.

The Internal Revenue Service generally is not enforcing the tip agreements it has in place with some businesses, according to a new report.

Tax pros weigh in on which aspects of the TCJA are of most concern.

The IRS has already said that it wants to shut down this kind of end run.

Reform 2.0 versus reality; a child’s taxes; tailoring EITC education; and other highlights from our favorite tax bloggers.

14 steps clients and practitioners should look to improve in 2019.

Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap on state and local tax deductions.

The IRS estimates alternative minimum tax filings will decrease to 1 million from 10 million as a result of the law.

Taxing refunds; billions in employment tax violations; school’s in, eventually; and other highlights from our favorite tax bloggers.

House GOP leaders are forging ahead with a vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

GOP leaders may drop the effort for further tax legislation, fearing it could backfire by antagonizing voters in some hotly contested Congressional districts.

Lawmakers approved the measure this spring as a way to get around limits in the new federal tax law on state and local tax deductions.

French President Emmanuel Macron said he wanted “precise answers” before deciding whether to introduce pay-as-you-earn income tax withholding as planned next January.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

China and children; memories of McCain; building a practice’s brand; and other highlights from our favorite tax bloggers.