Tax deductions

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

Cost segregation studies and other methods can help businesses minimize their tax liabilities — and maximize their cash for potential economic difficulties ahead.

With the House expected to take up the bill soon, here are its important details.

House Democrats who had threatened to block President Biden's tax and climate plan unless it also expanded the deduction for state and local taxes are signaling they'll back the legislation.

Despite what the wealth management industry suggests, some investors benefit more from the popular strategy than others.

Women who can expense travel for an abortion at their company may wind up with a tax bill.

Earnings in these accounts aren’t taxed unless a distribution exceeds a designated beneficiary’s qualified disability expenses.

The West Virginia senator opposes changes to the state and local tax deduction.

Stock market woes are depressing earnings for advisors who charge on client assets, but the pass-through benefit and a health insurance deduction can alleviate a lot of the pain.

The strategy is widely promoted, but it can leave some investors worse off.