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

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.

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 ...

Most people can't deduct home insurance costs from their taxes, but there are a few exceptions. You can deduct part of your home insurance bill if you have a home office and own a business or work as ...

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.

Essentially, the AMT is a minimum level of tax for Canadians who claim certain deductions, exemptions and/or credits to reduce how much personal income tax they pay. The change doesn’t apply to ...

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 ...