A hub for independent voices and hard truths
House GOP leaders discussed a new, heightened state-and-local-tax deduction with a group of Republican holdouts as they race to salvage their party-line megabill from ruin. A $40,000 cap on the key deduction for individuals and $80,000 cap for joint filers …
TRUMP ON AUTO INTEREST PAYMENTS AS TAX DEDUCTIONS: "We're going to do something that has never been done in this country before — If you buy a car in the United States that's made in the United States — we're …
by LarBrd33 I get you can apply capital losses against capital gains to minimize your taxable gains. I get there is a carryover where if you take more losses than gains, you can apply those losses against future gains. I …
Vice President Kamala Harris is planning to unveil a new proposal to provide small businesses a $50,000 tax deduction for startup expenses. The policy would be a tenfold expansion of the current $5,000 startup tax deduction. Donald Trump has attacked …
TAMPA, Fla. (WFLA) — Sen. Rick Scott (R-Fla.) introduced a bill Wednesday that would provide homeowners a tax deduction on home insurance premiums. Scott said the Homeowners Premium Tax Reduction Act would provide a tax deduction of up to $10,000 …
Changes to a popular 401(K) tax deduction are set to hit millions of high-earning Americans from next year. Workers over the aged of 50 are entitled to make catch-up contributions to their 401(K)s worth up to $7,500 this year. The …