Tax breaks

The New York governor called for a new tax break to promote affordable housing and increase support for fighting crime in New York City.

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

What do these changes mean for taxpayers and how can accountants help manage the impact?

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Green is costing green; Moore to come; disaster disbelief; and other highlights from our favorite tax bloggers.

Mayor Michelle Wu's proposal is the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.

U.S. prosecutors and IRS agents are looking to build cases against individuals suspected of illegally taking advantage of breaks that lured crypto traders and fund managers.

As bonus depreciation leverages down, cost segregation professionals have to wonder what happens if bonus phases out.

The Work Opportunity Tax Credit can help offset labor shortage issues.