As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations ...

A portion of American taxpayers’ earnings are exempt from taxation. This amount is known as the standard deduction and is ...

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security ...

What Thomas Sowell describes in his comment on tax cuts is the argument unfolding today in Washington, D.C., over negotiations on lifting the $10,000 cap on federal tax deductions for payment of ...

Nearly half the states in the country have some sort of tax benefit for renters. Not everyone qualifies, though.

An elimination of federal tax deductions for overtime income would mean extra money in the American workforce's wallet. Overtime pay was defined federally by the U.S. Fair Labor Standards Act as a ...

Specifically, the bill calls out cannabis by name—not by Schedule—as ineligible for deduction. In a statement posted on his website, Ricketts said, “The federal government should not be ...

A federal income tax limit of $10,000 on deductions for state and local taxes — of interest to NJ residents with high tax ...

Home improvement loans generally aren’t eligible for federal tax deductions, even when used for eligible renovations or property improvements. Unlike home equity loans, which can be tax ...

Currently NJ residents are limited to a deduction on federal income taxes of $10K for what they pay in state income and property tax ...