Tax deductions

There are a host of ways to make the most of the month ahead.

Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.

Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.

The number of donor-advised fund accounts has tripled in the past four years and grown approximately 150 percent since the passage of the Tax Cuts and Jobs Act at the end of 2017, according to a new report.

The guide provide advice for taxpayers on how to comply with the Tax Cuts and Jobs Act and other tax changes.

The Senate rejected a Democratic proposal that sought to give states leeway to help residents avoid the $10,000 limit on deductions for state and local tax payments.

A new notice explains which rates taxpayers should use as of Oct. 1.

Vacation rental property owners are finding out that their lofty dreams of taking their extra income and qualifying for a juicy tax deduction might be just that: a fantasy.

The Internal Revenue Service is giving those who own an interest in rental real estate a safe harbor to allow them to qualify for the section 199A deduction.

The tax break allows businesses to write off most depreciable business assets during the year they are placed in service.

The Internal Revenue Service isn’t doing enough to address billions of dollars worth of potentially erroneous carryforward tax credits and deductions claimed by businesses, according to a new report.

Uber Technologies Inc., responding to a European crackdown on offshore tax havens, created a $6.1 billion Dutch tax deduction that will help the company reduce a chunk of its global tax bill for years to come.

At the top of the list is one particularly vexing provision: the section 199A qualified business income deduction.

New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law that limited write-offs for state and local taxes.

The debate about the cap on federal deductions for state and local taxes has flipped the tables for lawmakers.

Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.

New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax overhaul.

Sen. Ron Wyden, D-Ore., introduced the legislation in response to the recent college admissions scandal.

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.

The legislation would correct a problem in the Tax Cuts and Jobs Act that makes it difficult for performing artists to deduct their work-related expenses.