Where you live can have a direct impact on your tax burden. While federal tax deductions remain consistent nationwide, ...

Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...

Three states challenging a Treasury rule that curbs their programs to circumvent the $10,000 cap on state and local tax ...

As lawmakers consider limiting corporations’ state and local tax deductions, companies warn of a backdoor tax increase.

The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

As lawmakers consider limiting corporations’ deductions, companies warn of a backdoor tax increase.

The Albanese government has delivered its final budget ahead of an election in May, with a fresh new round of tax cuts the ...

Nearly 270 farm organizations are asking Congress to permanently extend several expiring tax provisions important to ...

On a federal level, the IRS doesn't offer a universal tax incentive for all renters. The foreign housing deduction is the closest thing to a federal deduction available for renters. So ...

The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. Residents who itemize tax breaks cannot ...

Federal income taxes on individuals can be reduced by certain tax deductions, notably for mortgage interest. Tax credits such as the Earned Income Tax Credit provide benefits to specific groups of ...