Tax

Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.

A new holiday; VAT questions; give parents credit; and other highlights from our favorite tax bloggers.

The Internal Revenue Service opened a portal to enable families to monitor and manage their monthly advance payments of the expanded Child Tax Credit.

Taxing jurisdictions are less anxious about revenue — but they’ll be more focused on sales tax than before.

Top administration aides are set to meet with a group of senators trying to come up with an infrastructure compromise.

A combination of high valuations on companies and potentially higher taxes in the future is proving to be a potent motivator for selling private companies.

Tax experts dissent the Biden budget proposal in search of planning opportunities.

The service has posted new procedures to explain how a change in tax law last year potentially affects the depreciation of residential rental property.

Clients could end up having to pay back the money next filing season.

The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.