Tax deductions

Not keeping abreast of the green provisions of the Inflation Reduction Act could lead to trouble.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

Concerns have mounted over the last few days about the tax ramifications of President Biden's forgiveness of student loan debt.

The California Small Business Relief Act established the tax credit, largely in reaction to the $10,000 limit on the state and local tax deduction under the Tax Cuts and Jobs Act.

The country's progressive personal income tax schedule is undermined by deductions that largely benefit high-income earners.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

Cost segregation studies and other methods can help businesses minimize their tax liabilities — and maximize their cash for potential economic difficulties ahead.

With the House expected to take up the bill soon, here are its important details.

House Democrats who had threatened to block President Biden's tax and climate plan unless it also expanded the deduction for state and local taxes are signaling they'll back the legislation.

Despite what the wealth management industry suggests, some investors benefit more from the popular strategy than others.