Tax planning

The move would help offset the benefits from a proposed expansion of the federal deduction of state and local taxes.

Moderates are echoing Senator Joe Manchin’s complaint about not knowing the full cost and economic impact of the Biden adminstration's plans.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.

The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration.

The outline of the tax and spending bill provided a breakthrough after a long standoff between moderate senators and progressive Democrats.

A new round of haggling started, as they worked to fill in details and deal with last-minute attempts to restore priorities that had been left out.

Influential lawmakers still want various tax provisions in the bill.

The Section 179D incentive would jump from $1.80 per square foot for efficiency improvements to a sliding scale between $2.50 and $5.

As Congress wrangles, advisors are struggling to figure out how to help clients.

Arizona Senator Kyrsten Sinema, a crucial swing vote for Democrats, has given the Biden administration a list of specific tax policies she will support in order to raise revenue for the social spending plan Democrats hope to pass this year.