Income taxes

The Supreme Court declined to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed by Congress in the 2017 tax law.

The 2022 tax season, predicted by some to be a perfect storm, is coming to a close with barely a stiff wind.

The First Couple reported $610,702 in income in 2021 and paid $183,925 in federal and state income taxes, according to their annual tax return released Friday by the White House.

Clients who moved their work between states due to the pandemic may find taxing authorities eyeing them more closely.

Even if they dislike digital assets, wealth planners have a fiduciary duty to understand their confusing and murky tax treatment.

April and Column Tax are among the startups capitalizing on the idea that taxes are part of a person’s financial life and banks are most suited to help with tax preparation and filing.

Here is a peek into what can be expected in the near future.

The IRS warned Friday of a fast-approaching deadline for $1.5 billion in unclaimed tax refunds for 2018, which need to be claimed before the mid-April tax deadline.

Despite ongoing challenges, your practice's busy season doesn’t need to be a disaster.

Americans are still benefiting from a raft of pandemic relief measures that are contributing to the biggest tax refunds seen at this point in the filing season in more than a decade.

Think you pay too much in taxes? You probably do, if you are like the 46% of Americans who say they’re looking to get a refund check from the IRS this year.

The accounting industry is suffering and something needs to change.

The mortgage interest deduction is capped, but the investment interest expense deduction isn’t.

Over the decades, the various changes to filing rules and regulations have led to uncertainty for businesses of all sizes.

Two House Democrats have a new plan to provide a more generous state and local tax deduction.

It's counterintuitive, but basic short selling can boost the after-tax return on an entire retirement portfolio.

Taxpayers who moved to another state during the pandemic to work remotely have been dealing with a more complicated tax season than usual.

Under IRS rules, donors can both deduct the value of the gift and avoid any capital-gains tax on the investment.

Rich investors with sizable business losses are caught in pandemic tax hell amid IRS delays.

The average refund issued so far this year is $2,201, down about $600 from the typical refund issued last year, according to the IRS.