Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do ...

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

Highlights of the bill include a bigger SALT deduction, cuts to Medicaid, and tax breaks on tipped wages. Here’s how it may ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

"Whether it passes free-standing or as part of the bigger bill, one way or another, no tax on tips is going to become law and give real relief to hard-working Americans," Sen. Ted Cruz, R-Texas., said ...

The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...

The proposal in the House's spending and tax cut plan, which Trump supports, offers a deduction for seniors worth a small fraction of what he repeatedly promised.

The first year of interest would add up to a bit more than $3,750 in this example. For someone at a tax rate of 24%, that deduction would reduce taxes by roughly $900. But it's important to note ...

For example, the tax cut for those in the top 20% would have been $2,500 larger, on average, had their state and local tax deductions not been limited, according to the center. Their average ...