A bipartisan group of lawmakers wants to increase the state and local tax deduction cap but disagree on how high to push it.

Republicans in Congress are moving with rapid speed to advance President Donald Trump’s big bill of tax breaks, spending cuts ...

A small band of GOP members representing districts in blue states wants to raise the limit on federal tax deductions for ...

The details of House Republicans’ plans for their sweeping tax and spending cuts package – otherwise known as President ...

President Donald Trump is eyeing a tax hike on the wealthiest Americans to fund his spending and tax package. Here’s how the ...

It is important to step back and consider which priorities the bill will reflect — whether it will prioritize tax policies ...

TRANSLATION MORE PEOPLE LOST FEDERAL JOBS THAN THEY WERE EXPECTING, SO THERE’S LESS INCOME TO TAX OVERALL. HERE’S LARSON WITH MORE AS PART OF THAT UPDATE. THE STATE REVISED THEIR OUTLOOK TO ...

In this regard working is underway. Another proposal is to reduce corporate tax rate as well as “Super Tax” in the upcoming budget. The proposal is to raise the income tax exemption threshold ...

The rate will change again Nov. 1 ... The first is, I-bond proceeds also can be exempt from federal income tax if they're used to pay for higher education. The bond owner must have been at ...

Audrey Richardson Chicago Tribune/TNS Washington Californians shouldn’t expect much change anytime soon in interest rates for homes or cars. The Federal Reserve left its key rates unchanged ...

also will expire — which means some individuals and families in high-tax states such as New York, New Jersey and California would pay less in taxes even with a higher overall federal rate.

The federal electric vehicle tax credit generally provides up to $7,500 for qualified new vehicles and up to $4,000 for qualified used vehicles. The credit's future could be in jeopardy because of ...