The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point for ...

Direct File has come under fire during Trump's second term, and now it might be taking a final step toward the chopping block ...

On the House side, leaders are struggling to find consensus on a host of hot-button issues, headlined by Medicaid cuts and the state and local tax (SALT) deduction cap. Top lawmakers are looking ...

such as restoring the state and local tax deduction – known as SALT – that has become another flashpoint in Congress’ tax debate. The new tax bracket would raise about $59.3 billion over a ...

Eligibility for the $4,000 deduction is subject to income-based restrictions. The deduction decreases by four percent for ...

From extending the tax cuts he signed into law in 2017 to ending taxes on tips, overtime pay, Social Security benefits and ...

A home improvement loan is a type of personal loan that helps you pay for renovations, repairs and even remodeling. The best loan covers your project's cost and has a rate and term that fit your ...

With low premiums and multiple $0-deductible drug tiers, the Cigna Saver Rx plan could be especially worth considering. “But remember, a Medicare Part D plan is only a good fit if it actually ...

The expenses for training fees also ... Last year, in tabling Budget 2024, Prime Minister Datuk Seri Anwar Ibrahim had proposed tax relief for the personal purchase of sports equipment, sporting ...

Todd Young, R-IN, in introducing the American Innovation and Jobs Act, a piece of legislation focused on expanding research and development (R&D) tax deductions for small businesses and startups in ...

Forbes contributors publish independent expert analyses and insights. I cover changes and new developments in the federal tax law.