Tax

Middle-class households in New Jersey and other high-tax states would benefit from an expansion of the deduction, a key House Democrat said.

Cryptocurrency investors would have little time to plan against possible tax increases under legislation advancing in Congress.

The president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week.

Some countries are already taxing greenhouse gas emissions, but the U.S. is not likely to follow suit anytime soon.

There were last-minute changes on modifying the SALT deduction and a provision allowing Medicare to negotiate drug prices.

The $1.75 trillion package marks a dramatic shift toward boosting support for families with children.

Where there’s smoke; FedEx con; the bank of me me me; and other highlights of recent tax cases.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

Congressional Democrats floated fresh proposals on how to increase the federal deduction on state and local taxes, but House and Senate lawmakers were at odds over whether the very rich should be allowed to take the tax break.

Democrats have found new urgency to pass the roughly $1.75 trillion tax and spending plan as well as an infrastructure bill with $550 billion in new spending after being stung by a Republican sweep of statewide races in Virginia.