Tax deductions

Seventeen Democrats told House Speaker Nancy Pelosi they would be ready to oppose any tax legislation that doesn't restore the break.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

10 major developments, from the pandemic and Wayfair to sin taxes, that are all likely to play major roles.

Announcement 2021-7(1) lets taxpayers deduct money spent on masks, wipes and other supplies in certain circumstances.

The Treasury Secretary said the limitation on state and local tax write-offs causes 'disparate treatment' across taxpayers.

Changing rules on taxation of gambling winnings may produce some unexpected upsets.

Syndicated conservation easement deals cheat the IRS out of an estimated $250 million by overvaluing deductions.

The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use a pandemic-related tax break to deduct opioid settlement payments.

A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.

A host of developments promise to complicate this year's run-up to April 15.