The proposed fiscal package by former President Trump offers a significant tax relief for seniors, with an additional ...

New tax cuts. Massive spending on border security. Cuts to social safety net programs. Pullbacks on investments to fight ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...

President Trump’s bill to cut taxes and spending centers on an extension of his previous round of tax cuts, which Republicans ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions. An AICPA statement said it is “deeply troubled” by the plan to curtail use ...

House Ways and Means Committee (passed on May 14, 2025): The Ways and Means Committee went through formal debate on the bill, ...

The Trump administration recently released its tax and spending bill, titled "The One, Big, Beautiful Bill." Of course, the ...