Tax deductions

In a surprise plot twist, President Donald Trump’s new tax law is delivering many of its juiciest benefits to his most vocal critics in Hollywood.

A group of Senate Democrats introduced legislation to revive tax deductions for labor union dues and unreimbursed work expenses that were eliminated by the Tax Cuts and Jobs Act.

The time to start preparing for the TCJA’s affect on individual taxpayers next year is right now.

A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the wealthiest.

New reports indicate the effects of the Tax Cuts and Jobs Act on the self-employed are still unclear to many of them.

The software helps taxpayers determine the new Section 199A tax break on qualified business income of partnerships and S corporations under the new tax law.

The Tax Cuts and Jobs Act is forcing companies to reconsider where they are hiring and assigning workers.

Clients need help navigating the TCJA in areas such as philanthropic giving and deductions.

Changes in the Tax Cuts and Jobs Act have created confusion as to what’s deductible.

The Internal Revenue Service updated Friday the tax year 2018 annual inflation adjustments to reflect changes from the recent tax reform law.

White House OMB head Mick Mulvaney will be able to weigh in as the Internal Revenue Service clarifies dozens of the new tax law’s provisions.

New York State approved a fiscal year 2019 budget that contains provisions to lessen the impact of the new limitations on state and local tax deductions under the Tax Cuts and Jobs Act that Republicans in Congress passed last December.

The Internal Revenue Service and the Treasury Department released new guidance Monday on computing the business interest expense limitation under the new Tax Cuts and Jobs Act.

President Donald Trump’s new tax law set off a false alarm for homeowners planning to borrow against their houses.

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.

Two trade groups representing farmer cooperatives and feed producers have reached an agreement to resolve a technical problem in the Tax Cuts and Jobs Act, with the support of Republican leaders in Congress who hope to include the provision within a larger appropriations bill.

Congressional Republicans created a juicy new break for business owners when they rewrote the U.S. tax code late last year. Three months later, hundreds of thousands of U.S. employers still don’t know if they can claim it.

The Tax Cuts and Jobs Act removed a number of provisions that benefited companies.

New Jersey took the first step toward allowing residents with the nation’s highest property taxes to circumvent a new federal limit on state and local tax deductions.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.