Tax deductions

The Internal Revenue Service will be scrutinizing the use of corporate jets, focusing on big corporations and partnerships, as well as high-income taxpayers.

SALT benefits; taxing blockchain tech; how to onboard; and other highlights from our favorite tax bloggers.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.

Lawmakers are trying to drum up support to allow a debate on raising the state and local tax deduction cap as bipartisan tax package negotiations leave out those proposals.

The new deduction rates apply to electric and hybrid vehicles, as well.

ERC red flags; moving to the cloud; security and the holidays; and other highlights from our favorite tax bloggers.

The regulations address new subsections of the law from the SECURE 2.0 Act.

The ultra-wealthy are using DAFs and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers.

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.