Income taxes

Just in time for Giving Tuesday, there's some good news for charities, thanks to the One Big Beautiful Bill Act, but also some new caps and limits.

Handling tough clients; not all revenue is created equal; military returns; and other highlights from our favorite tax bloggers.

Starting next year, more households will need to calculate or pay the AMT. The rules are complicated. Here's how financial advisors can prepare themselves — and clients — for the changes.

Tax returns released by his campaign show he made over $4.2 million in capital gains and took a $4.8 million deduction, paying taxes on $5.9 million in income.

The Internal Revenue Service issued guidance on the corporate alternative minimum tax in response to comments it received.

It's time to revisit the $10,000 cap considering a new $40,000 limitation under the OBBBA.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

Get that 1040V in the mail; OBBBA's ongoing effects; it's beginning to look a lot like Christmas; and other highlights from our favorite tax bloggers.

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics.

The sprawling new tax law includes a number of provisions that present opportunities for accountants and tax professionals to discuss estate and gift planning.

A new study predicts the One Big Beautiful Bill Act will reduce federal taxes on average for individual taxpayers in every state, but the impact will differ.

To those who might remember this column that ran for more than 20 years, and to those who don't, it took something especially egregious to bring me back.

The Treasury Department is reportedly mulling plans for the IRS to eliminate its multilingual services, such as tax forms and assistance in languages other than English.

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump's tax law will carry his party in the 2026 midterm elections.

Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting.

House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance from a group of GOP holdouts and united opposition from Democrats.

The Senate made adjustments to preserve the state and local tax deduction for pass-through entities such as accounting firms.

The $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance, GOP leaders and Republican holdouts.

Senate Republicans appear to be making progress in resolving differences with House Republicans in the state and local tax deduction and other matters.

The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for five years.