Tax breaks

Negotiators are nearing a bipartisan deal in time for many voters to receive the benefits during the current election year.

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.

The White House plans to target a series of high-profile tax breaks worth tens of billions of dollars for wealthy investors and corporations.

The governor's $227 billion budget includes proposals that would make it easier to convert older office buildings into residential use.

Sens. Ben Cardin, a Democrat, and Tim Scott, a Republican, introduced bipartisan legislation to offer tax credits for tips to beauty services providers.

Chances are dimming that Congress will take up a multibillion-dollar package to renew a cluster of business tax breaks and provide a more generous child tax credit before lawmakers leave Washington for the year.

With the end of the year just around the corner, now is a great time to discuss tax planning with your clients.

Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.

Businesses are lobbying hard for Congress to pass a package of tax breaks worth about $100 billion before the end of the year.

Yvon Chouinard described his decision to give away the outdoor apparel-maker as his last-ditch effort to do all he could to protect the planet, but the deal is structured in ways that bring his family tax perks.

The Act provides higher deductions for meeting prevailing wage and apprenticeship requirements.