Tax deductions

The service scrambled to provide guidance and forms for taxpayers on the new 20% tax break for qualified business income in time for tax season.

The deduction has been a valuable tax planning tool for architects, engineers and building owners, but it never spurred energy efficient design.

A top Senate Democrat is looking to end tax breaks for college donations that parents may be making to universities in an attempt to get their children admitted.

Congressional witnesses called for more certainty around the provisions.

The Institute for Professionals in Taxation will hold its two State Income Tax Schools this July in Hartford, Conn. for SALT professionals.

Education Secretary Betsy DeVos is riding to the rescue of a private-school tax break that was ensnared in a bitter fight between the Treasury Department and Democratic states that sought to circumvent caps on state and local deductions under the Trump tax overhaul.

IRS guidance for on deductions for passthrough entities answers many questions — but raises still others

Testifying before the service, institute officials also addressed the calculation of adjusted taxable income and the treatment of partnership income.

While wealthy people buying airplanes is nothing new, the tax overhaul provided a new incentive.

The Institute has some recommendations about ways to improve the proposed regulations for implementing limitations under the Tax Cuts and Jobs Act.