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Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.
May 14 -
Key Senate Republicans are resisting the House's plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies and nuclear power.
May 14 -
The IRS is granting up to $200,000 to individual low-income taxpayer clinics.
May 14 -
President Trump's economic package took a major step toward becoming law when a House committee approved trillions in new tax cuts on a party-line vote.
May 14 -
Valuations this year; handling interviewees; AI and accounting ed.; and other highlights from our favorite tax bloggers.
May 13 -
The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.
May 13 -
Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.
May 13 -
GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.
May 13 -
Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.
May 13 -
House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass.
May 13