Tax reform

The dearth of Republicans representing New York in Congress is partly to blame for the proposed eliminations of state and local tax deductions that will dramatically impact the state, said Jim Tisch, chief executive officer of Loews Corp.

While Congress irons out the differences between the tax bills proposed by the House and Senate, taxpayers have been living in limbo, and putting year-end tax planning on hold.

President Donald Trump will bring five American families to the White House to show how they would benefit from his tax overhaul Wednesday in a speech aides said would amount to a closing argument for the legislation.

President Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider last-minute revisions to key provisions. Here are the latest developments, updated throughout the day.

Business owners and their advisors need to start thinking through what tax reform may mean for their corporate structure.

Lawmakers are re-examining a provision that would roll back subsidies for a big chunk of the municipal-bond market beginning next year, according to House Ways and Means Chairman Kevin Brady.

Bitcoin’s gains and competition; deducting your holiday party; taxing research; and other highlights from our favorite tax bloggers.

The U.S. Treasury Department produced a one-page document Monday that it described as an “analysis of growth and revenue estimates” based on the Senate tax bill, but economists quickly called the document a political statement, not a rigorous economic study.

Tax pros look beyond reform in Washington to start preparing themselves for 2018.

House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump as soon as next week. Here are the latest developments, updated throughout the day.

More than 70 percent of 861 CPAs polled in December by the New Jersey Society of CPAs predicted their individual and family clients in New Jersey would face increased taxes due to the Republican tax plans from both the House and the Senate.

Republican Senator Susan Collins of Maine, a key vote on legislation to overhaul the U.S. tax code, said she’s confident agreements she sought as part of her support will be kept but hasn’t made a final decision about the measure.

The president will add a speech supporting the overhaul plan to his string of tweets.

Congress is giving finance officials at America’s colleges and universities even more to worry about.

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.

The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn.

The three biggest stories in Washington—a broad overhaul of the U.S. tax structure, a health-care makeover and a spending bill that would avert a government shutdown—all depend, more or less, on one moderate Republican senator who says she’s got a deal that could deliver them all.

Despite claims to the contrary, the cuts proposed by the GOP aren’t even the biggest in the past five years.

House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump by the end of the year.

Making money in the stock market could get more expensive.