Tax deductions

A lucrative deduction for luxury vehicles used at least half the time for business will start tapering come 2023.

Eric Adams released his 2021 tax returns on Friday, six months after he pledged to provide the public with the information.

The government is requesting responses on implementing the Inflation Reduction Act's climate proposals by Nov. 4 or sooner.

Private foundations are using donor-advised funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not defer the gifts for generations.

Not keeping abreast of the green provisions of the Inflation Reduction Act could lead to trouble.

A look inside some of the green energy and energy-efficiency provisions of the new legislation, and what they'll mean going forward.

Concerns have mounted over the last few days about the tax ramifications of President Biden's forgiveness of student loan debt.

The California Small Business Relief Act established the tax credit, largely in reaction to the $10,000 limit on the state and local tax deduction under the Tax Cuts and Jobs Act.

The country's progressive personal income tax schedule is undermined by deductions that largely benefit high-income earners.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.