While the more than 1,000-page tome contains many major changes, one has been called out most often: passing it will add $2.4 ...

President Trump previously made a promise to eliminate federal taxes on Social Security benefits, and while the bill doesn't ...

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, ...

The American Institute of CPAs is worried about a provision in the tax reconciliation bill that would limit the ... and Jobs Act on claiming the Section 199A Qualified Business Income deduction, known ...

"He received his W2 but where federal tax withheld is, it shows no number. He had all the same deductions as everyone else. We don't know what to do and the people who are supposed to be fixing it ...

The home office deduction allows eligible taxpayers ... April 15, the 2025 tax deadline. If you're worried about having your forms completely squared away by then, you can request a six-month ...

Congress created the charitable deduction in 1917, just a few years after creating the income tax, because it worried the government was siphoning money from charities. The deduction does seem to ...

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...

The tax deduction would only be available for vehicles ... while supporting American auto workers." Trump — who has worried automakers with a broad set of tariffs on imported autos and auto ...

The west Michigan Republican introduced a bill to allow a tax deduction on American-assembled vehicles, a proposal Trump made ...