Tax deductions

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.

A TIGTA report examines the impact of the Tax Cuts and Jobs Act on the service, and how it was implemented.

The Democratic presidential candidate made a mistake on deducting medical expenses in 2013 and 2014.

One thing that all business trips have in common is turning in receipts for travel and expenses, but what should or shouldn’t employees be expensing?

A new limit on state and local tax deductions isn’t forcing taxpayers to leave some states, according to Moody’s Investor Service.

It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge.

As Tax Day approaches, accountants are finally getting to the end of a season made particularly grueling by the Tax Cuts and Jobs Act.

Tax changes have benefits, though questions remain.

The Republican and Democratic leaders of the Senate Finance Committee, chairman Chuck Grassley, R-Iowa, and ranking member Ron Wyden, D-Ore., are asking the Internal Revenue Service to crack down on the people involved in the recent college admissions scandal.

House Democrats are looking to find a compromise solution to the Republican tax law’s cap on the amount of state and local levies that can be written off a federal return, a limit they say has caused their constituents to lose out on billions of dollars of deductions.

A pair of congressional representatives has introduced bipartisan legislation to discourage abuses of the conservation easement tax break.

The Internal Revenue Service issued guidance Friday on how to deal with state and local tax refunds in the context of the $10,000 limit on state and local tax deductions under the Tax Cuts and Jobs Act.

Tax professionals offer their top strategies for surviving and thriving through April 15.

Politicians in mostly Democratic high-tax areas say the new federal cap on state and local tax deductions hurts their residents, but most never got it in the first place.

The service scrambled to provide guidance and forms for taxpayers on the new 20% tax break for qualified business income in time for tax season.

The deduction has been a valuable tax planning tool for architects, engineers and building owners, but it never spurred energy efficient design.

A top Senate Democrat is looking to end tax breaks for college donations that parents may be making to universities in an attempt to get their children admitted.

Congressional witnesses called for more certainty around the provisions.

The Institute for Professionals in Taxation will hold its two State Income Tax Schools this July in Hartford, Conn. for SALT professionals.

Education Secretary Betsy DeVos is riding to the rescue of a private-school tax break that was ensnared in a bitter fight between the Treasury Department and Democratic states that sought to circumvent caps on state and local deductions under the Trump tax overhaul.