Tax Strategies

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes.

Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists.

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.

The Democratic Senator said there’s little chance that Congress can complete work on President Biden’s economic agenda by the end of the month.

The plan would require financial institutions to report information about some bank accounts to the IRS.

There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue in Sioux Falls.

The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.

Good luck getting in to see an estate planner if you don’t already have one. Cross your fingers if you do.

The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding.

The average plan holds less than $29,000, which would pay for about half of a year at the average private university or a year or more at a public one.