Tax 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.

IRS guidance for on deductions for passthrough entities answers many questions — but raises still others

Testifying before the service, institute officials also addressed the calculation of adjusted taxable income and the treatment of partnership income.

While wealthy people buying airplanes is nothing new, the tax overhaul provided a new incentive.

The Institute has some recommendations about ways to improve the proposed regulations for implementing limitations under the Tax Cuts and Jobs Act.

The Treasury and the IRS have offered a method to keep up with changes made by the Tax Cuts and Jobs Act.

The president said he would consider changes to a controversial cap on the federal deduction for state and local taxes.

The IRS has given pass-through businesses and their accountants the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul.

The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice.

When the Tax Cuts and Jobs Act was passed in a whirlwind vote at the end of 2017, significant questions arose about implementation of the new law.

New IRS regs on the Tax Cuts and Jobs Act throw the industry some curveballs.