The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.

The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.

President Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts.

President Trump said he would be fine with Republican lawmakers raising taxes on the wealthy, but acknowledged the political challenges.

President Trump's 'big beautiful bill' continues to move through the House and Senate.

The state and local tax issue has been one of the most contentious for the House GOP to resolve.

Lawmakers have separately discussed eliminating a tax deduction for pharmaceutical advertising.

Among companies that have disclosed financial projections, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs this quarter.

The legislative push for the massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions.

The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.

Judgments that are overly optimistic, unsupported, or poorly documented can tip into the territory of errors or fraud, leading to restatements and enforcement.

Jason Smith said he will to strike a balance between those who want no limit on the state and local tax deduction and those who want no write-off at all.

The plan mandates the sale of dozens of parcels totaling more than 11,000 acres (4,450 hectares) of federal land in Utah and Nevada.

The Internal Revenue Service announced the inflation-adjusted amounts for health savings accounts in 2026.

A pair of bills would coordinate Pell Grants with the AOTC, and provide a tax deduction for overtime pay.

The IRS continued layoffs, changed its acting commissioner, and ended its Direct File program as Tax Day arrived.

House Republicans plan to raise more than $15 billion in revenue through lease sales, as well as other measures, to help pay for the massive tax cut package.

Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.

A budget bill passed by the House Financial Services Committee would eliminate the Public Company Accounting Oversight Board and cap the Consumer Financial Protection Bureau's budget at roughly $249 million.

The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.