Tax deductions

While other parts of the Tax Code are updated routinely, the passive activity threshold has stayed frozen in time, punishing hardworking Americans.

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.

Trump has expressed interest in reviewing options for adjusting the cap on the state and local tax deduction but is not currently advocating for a specific fix.

H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.

What does the 2024 Trump tax plan mean for you and your clients this time around?

A New York Republican congressman says that lifting the cap on state and local taxes will be crucial to getting Trump's tax overhaul through the House.

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

The former president pledged to lift a cap on the state and local tax deduction valuable to many New York homeowners that he imposed as president.