Tax

Josh Gottheimer is looking to roughly double the cap on state and local tax deductions, in a bid to secure more savings for residents in high-tax states.

Trump downplayed the likelihood that Republican lawmakers will be able to add tax cuts or other economic priorities to entice voters ahead of the midterms.

Wall Street strategists expect a robust increase in the Treasury's coffers this week as Americans pay their taxes.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

Americans rushing to meet the tax deadline are getting bigger refunds on average thanks to Trump's tax law, though the savings are falling short of his promises.

IRS automated systems handle things a little differently than human examiners and practitioners should be aware of the differences.

The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.

The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.

The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.