Tax

Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.

GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.

Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.

House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass.

A little-known feature of RMD tax withholdings could help minimize a client's effective tax burden. Not all financial advisors are on board with the strategy.

A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.

President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.

The House tax committee aims to make official several of President Trump's campaign tax pledges, and to avoid a millionaire tax.

The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.

The investment strategy may generate much greater loss harvesting than direct indexing, but backers point out that they work much differently.