U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

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

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 ...

The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married ...

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 ...

President Trump's spending and tax plan, which is officially titled "one, big, beautiful bill," was recently released. This gave Americans key details about how Trump plans to not only extend the tax ...

As noted above, you get all the advantages of being married and filing jointly when you use the qualified widow(er) status—notably the deductions and income tax brackets. For tax year 2025 ...

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

Many retirees may not realize that Social Security benefits are subject to federal taxes if their income exceeds certain ...