Tax deductions

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.

The Treasury and the IRS have offered a method to keep up with changes made by the Tax Cuts and Jobs Act.

The president said he would consider changes to a controversial cap on the federal deduction for state and local taxes.

The IRS has given pass-through businesses and their accountants the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul.

The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice.

When the Tax Cuts and Jobs Act was passed in a whirlwind vote at the end of 2017, significant questions arose about implementation of the new law.

New IRS regs on the Tax Cuts and Jobs Act throw the industry some curveballs.

Major tax reform changes that practitioners and taxpayers should keep an eye out for during filing season.

For business use, taxpayers will be able to deduct 58 cents a mile starting Jan 1.

There has been a lot of confusion about which businesses will qualify for the pass-through deduction and other tax breaks.

How small employers and sole proprietors can maximize tax deductions for coverage.

Here are some of the most important 2018 year-end tax-planning considerations for individual clients from Grant Thornton.

The Tax Cuts and Jobs Act that Congress passed last December produced some winners and some losers among different categories of taxpayers.

In today’s age of lost tax deductions many accountants are looking for new tax deductions they can offer their clients.

Highly-leveraged companies can start calculating just how much the Republican tax law limits their interest deductions for debt, thanks to 439 pages of regulations released by the Internal Revenue Service on Monday.