Tax breaks

The Republican tax bill that’s on the brink of passage would vault America’s corporate tax rate into a much more competitive position globally and deliver temporary tax cuts to a broad range of people.

A provision to treat graduate school tuition waivers as taxable income won’t be in the final House-Senate tax package, according to Republican Senator Steve Daines of Montana and one other person briefed on a tentative deal reached Wednesday.

Traditional cost accounting for mixed-use residential projects often does not properly allocate all construction costs to each section of the property.

Doing away with advance refundings would eliminate a crucial tool that’s saved governments tens of billions since interest rates tumbled after last decade’s recession.

A new revenue procedure provides a safe harbor allowing taxpayers to deduct costs for fixing deteriorating foundations.

House Speaker Paul Ryan has spent much of his political career warning against the pitfalls of deficit spending and government debt.

Lawmakers who sped a bill through the U.S. House last week may have handed a few more goodies to Wall Street’s wealthiest than they realize.

As the Republican-controlled Congress tries to push through tax reform this year, one group of Americans may question why it’s coming up a scoop short.

Senate Republicans say their tax bill will bring big tax cuts for middle-class families and businesses. If you own a private jet, you’ll also get a break.

House Speaker Paul Ryan said temporary provisions in the GOP tax bill won’t really go away in a few years—he predicted that future Congresses will preserve them, and he didn’t mention the impact that would have on the federal deficit.