On May 14, the House Ways and Means Committee approved the Make American Families and Workers Thrive Again Act, which ...

Many taxpayers could see even more money in their pockets in coming years under a sweeping tax and spending cuts package that ...

New tax proposals aim to ease the burden on seniors by raising deductions for those over 65, offering potential relief from ...

Trump’s economic package is coming up for debate in the House. Among the tax cuts is a plan to exempt tips from federal ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

The case in point: a couple is married for just six months. The husband earns ₹2.8 lakh per month, the wife ₹1.4 lakh. A ...

Photo Illustration: Annie Zhao WASHINGTON—House Republicans are seriously considering proposals to further limit tax deductions that companies can take for their highest-paid workers ...

Republicans placed a $10,000 deduction cap on SALT as part of the 2017 Trump tax cuts, which has become one of the most controversial provisions in the big-ticket bill.

House Republicans are set to dive into discussions over the state and local tax (SALT) deduction cap on Wednesday, officially kicking off negotiations for one of the largest — and most contentious — ...

The SALT deduction allows filers who itemize to subtract some of their state and local taxes from their taxable income. In 2017, the sweeping federal Tax Cuts and Jobs Act put in place a $10,000 ...