| 单词 | tax deduction |
| 例句 | Louise Slaughter sponsored bills to smooth the way for the donation with a full tax deduction. National Archives reveals newly donated FDR papers 2010-07-28T21:09:00Z In general, for such largess, the French state also offers generous tax deductions. Plans Take Shape for François Pinault Museum in Paris 2016-08-03T04:00:00Z Their organization makes it possible for American donors to contribute cash or art objects and receive a tax deduction. European Museums Are Shifting to American Way of Giving 2016-03-15T04:00:00Z The figures do not reflect tax deductions, agent fees or "the other expenses of being a celebrity." Madonna top-earning celebrity, trumping Spielberg, Winfrey: Forbes 2013-08-26T22:08:17Z Nissan figures on a $7,500 income tax deduction, plus the money saved by fueling with electricity, to be able to say the cost is less than $30,000. Why Nissan's Electric Car Will Flop 2010-02-19T19:30:00Z Each fund is like a bank account: Donors get a tax deduction and choose which causes to support, and the foundation oversees all the research and paperwork for a small fee. Whistleblower sues Washington area’s largest charitable organization 2017-06-27T04:00:00Z Giving this way entitles you to claim a tax deduction for the value of your gift, within certain limits. What to do with an unwanted, worn Oriental rug 2017-09-04T04:00:00Z “Donations to college football teams, opera companies and rare-bird sanctuaries are eligible for the same tax deduction as a donation to a homeless shelter,” complains Quigley. How philanthropy benefits the super-rich 2020-09-08T04:00:00Z Occasionally, they would press and follow up: asking Senator Ted Cruz to clarify if he would allow Bank of America to fail and Ben Carson if he supported eliminating the home mortgage tax deduction. Fox Business Network’s Debate Is a Step Up, in Some Ways 2015-11-11T05:00:00Z Financing should be through a public family leave insurance mechanism, most likely funded through payroll tax deductions. Motherlode: Maternity Leave and Human Rights 2011-02-24T23:20:47Z In May Mr. Franceschini, the culture minister, announced a new tax deduction intended to encourage private-sector donations for the restoration and preservation of museums, archives, libraries and theaters. To Some Dismay, Italy Enlists Donors to Repair Monuments 2014-07-15T04:00:00Z Fueled by philanthropic zeal, lucrative tax deductions and the prestige of seeing their works in esteemed settings, wealthy art owners have for decades given museums everything from their Rembrandts to their bedroom slippers. Clean House to Survive? Museums Confront Their Crowded Basements 2019-03-10T05:00:00Z Not all of the donors have taken the tax deduction. A Tax Deduction for Erotica? The Museum of Sex Favors It 2010-05-03T23:43:00Z That’s what Alexander did when his firm wouldn’t help him bridge the gap caused by the lost tax deduction. Are you a telecommuter with a home office? You just lost a tax break. 2018-05-28T04:00:00Z It would help if you represent a nonprofit organization, because Mr. Dee hopes to receive a tax deduction for donating his life’s work. D. James Dee Plans to Give Away His Modern Art Archive 2013-06-04T21:39:12Z Never keeps photos from his films, or scripts, throwing them away, or since he's realised he can get a tax deduction for it, giving everything to Princeton University. Woody Allen: 'My wife hasn't seen most of my films... and she thinks my clarinet playing is torture' 2011-03-13T00:05:42Z As a result, he was able to take advantage of those tax deductions. More Money Can Mean More Museums, Just Look at Florida 2022-10-22T04:00:00Z The donor needed the panel to sign off on the full collection’s significance to qualify for a larger tax deduction. Canadian Panel Declines to Certify Full Leibovitz Collection as Significant 2017-07-28T04:00:00Z In fact, most museum collections are so full of donated works for which tax deductions have been taken that it’s fair to say they have been underwritten in part by the American taxpayer. Selling Art to Pay the Bills Divides the Nation’s Museum Directors 2021-03-19T04:00:00Z However, it does not disclose how that is calculated or detail any lost tax deductions as a result of personal travel. Off the radar: U.S. CEOs' jet perks add millions to corporate tax bills 2019-12-02T05:00:00Z There are taxes on prescription drugs, taxes on health insurance, extra taxes on high-benefit health insurance, and reduced tax deductions for people with high medical costs. The Medical Device Tax: Killing Jobs and Raising Premiums 2012-06-04T15:25:09Z The 2017 taxes filed in April were still eligible for the home office tax deduction. Are you a telecommuter with a home office? You just lost a tax break. 2018-05-28T04:00:00Z As with any charitable donation, the prospect of a tax deduction can be a motivation for both sides, but financial advisers warn that it is complicated. Special Section: Wealth: Charity Auctions Turn to What Cannot Be Bought 2011-10-19T00:17:38Z Nonprofit corporations want to be classified as public charities rather than private foundations because their donors receive larger tax deductions for their gifts. Will money from conservative Christians sway Bible museum’s professed mission? 2017-11-02T04:00:00Z “It was kind of cool,” she said, “to be able to get a tax deduction.” A Tax Deduction for Erotica? The Museum of Sex Favors It 2010-05-03T23:43:00Z “They feel a lot better writing a check to an organization, and they get the tax deduction.” Kickstarter and Artspire as Models of Arts Financing 2012-03-17T00:32:03Z But charity auctions tend to appeal to people looking for tax deductions as much as serious collectors. A Christie’s Contemporary Art Auction With an Edge 2014-03-26T15:00:13Z Second, and relatedly, this data shows just how much of America’s tax deductions are a boon to religious organizations. Study: Three-quarters of American donations go to religion 2013-12-05T13:45:00Z Sleigh bells ring, the air is crisp, and the urges both to help fellow humans and to rack up a tax deduction by year’s end overwhelm. How to make sure your donated items aren’t burdening charities 2019-12-02T05:00:00Z Valuable business opportunities flow right along with the vintage Champagne, including networking, deal-making, image enhancement and, of course, tax deductions. Benefits can flow both ways at celeb charity galas 2012-10-18T14:20:17Z If you want to claim a tax deduction for the value, there are a few important things to do. How to repair an old basket from Africa 2016-06-10T04:00:00Z The measure would also extend tax deductions for business investment, a provision that would put $50 billion in business coffers over two years, according to the White House. Obama hosting bipartisan talks on economy 2012-05-16T10:00:00Z “People have come to us, wanting to donate and get a tax deduction,” said Daniel Gluck, the museum’s founder and director. A Tax Deduction for Erotica? The Museum of Sex Favors It 2010-05-03T23:43:00Z So would repealing the cap on state and local tax deductions, a major accomplishment of the Republicans’ 2017 tax cuts that Democrats from high-tax states are desperate to roll back. When death doesn’t mean taxes: How the wealthy avoid paying Uncle Sam 2023-11-09T05:00:00Z When married couples get a tax deduction or tax credit, there’s an opportunity to invest that extra money. Millennial Money: 4 ways married couples can use tax breaks to build wealth 2023-10-03T04:00:00Z When you do home improvements on your primary residence, you cannot write them off as tax deductions in the year the work was done. How To Deduct Home Improvements 2018-02-05T05:00:00Z One of the primary reasons to make a donation to a charity is to earn a tax deduction. How To Figure Fair Market Value For Donations Of Property To Charities 2018-02-13T05:00:00Z If a company actually benefits be receiving $300,000 in tax deductions, for instance, then it must figure out if it will be able to use those deductions. How To Calculate The Cost Of A Debt 2018-02-13T05:00:00Z In many states, there are tax deductions available for homeowners who invest in new energy efficient doors and windows. How To Save Money On An Electricity Bill 2018-03-21T04:00:00Z There are some lines of work where employees can derive significant tax deductions that bring about savings at the end of the year. A Tax Deduction List For Truck Drivers 2018-03-21T04:00:00Z What should you know about per diem tax deductions for heading on the road? Per Diem Tax Deductions For Working Out-Of-Town 2018-03-21T04:00:00Z If you have either a car allowance or a mileage reimbursement from your company, then you cannot write off your business miles as a tax deduction. Car Allowances Vs. Mileage Reimbursement 2018-03-21T04:00:00Z Once the total personal income received during the year has been added up, applicable tax deductions must be subtracted. Understanding Georgia State Income Tax 2018-04-16T04:00:00Z The IRS is clear on their stance of allowing this tax deduction. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes? 2018-06-26T04:00:00Z Here’s a tax deduction list for truck drivers to consider. A Tax Deduction List For Truck Drivers 2018-03-21T04:00:00Z The public offices commission staff report said it did not weigh allegations around potential tax deductions because that is an issue beyond the agency’s jurisdiction. Supporters of effort to repeal ranked voting in Alaska violated rules, report finds 2023-09-13T04:00:00Z That leg of the plan would come with an end to corporate tax deductions and other tax breaks, including new clean energy credits in the Inflation Reduction Act. Trump plots tax cuts as poverty rises in America 2023-09-12T04:00:00Z Let’s say an Atlanta family earns $80,000 in combined annual salaries; if they take the Georgia tax deduction for couples filing jointly, their adjusted income would be $77,000. Understanding Georgia State Income Tax 2018-04-16T04:00:00Z Unfortunately, the IRS does not allow business owners or private citizens to claim life insurance payments as tax deductions. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes? 2018-06-26T04:00:00Z Proposals in Congress would eliminate tax deductions for big corporate landlords to reduce incentives to bid up the cost of housing. Opinion: Wall Street predators destroyed Toys 'R' Us. Now they're coming for Simon & Schuster 2023-08-11T04:00:00Z Clarkson said allegations around “’unlawful’ tax deductions are both uninformed and unknowledgeable. Supporters of effort to repeal ranked voting in Alaska violated rules, report finds 2023-09-13T04:00:00Z The measure would restore tax deductions for expenses that come with drilling new wells, expenses known as intangible drilling costs. Bipartisan bill seeks to reinstate tax break Biden nixed for drilling oil wells 2023-07-28T04:00:00Z Their report said highly personal and financial information about sources of taxpayers’ income, tax deductions and exemptions was made accessible to Meta as taxpayers used the tax software to prepare their taxes. 3 tax prep firms shared ‘extraordinarily sensitive’ data about taxpayers with Meta, lawmakers say 2023-07-12T04:00:00Z However, losing the tax deduction could discourage people from making catch-up contributions, says economist Olivia S. Mitchell, executive director of the Pension Research Council, which researches retirement security issues. Liz Weston: Saving for retirement just got more complicated 2023-07-10T04:00:00Z A bipartisan bill filed in 2022 would limit tax deductions for bankrolling nonprofit NIL collectives, but it has yet to pass. IRS throws a chill into collectives paying college athletes while claiming nonprofit status 2023-06-30T04:00:00Z In any event, the only government agency with jurisdiction to adjudicate tax-exempt status and the lawfulness of federal income tax deductions that may or may not be claimed, is the IRS.” Supporters of effort to repeal ranked voting in Alaska violated rules, report finds 2023-09-13T04:00:00Z It also would have hiked Social Security’s retirement age and scaled back popular tax deductions for health insurance and mortgage interest. Speaker McCarthy eyes new commission to tackle nation’s debt, but many Democrats are wary 2023-06-08T04:00:00Z The first person he reached directed him to the IRS’ webpage for information on mileage-based tax deductions. Column: Two Uber drivers read the fine print — and won millions for California gig workers 2023-06-01T04:00:00Z But starting next year, people who earn $145,000 or more will no longer get a tax deduction for their catch-up contributions to workplace retirement plans. Liz Weston: Saving for retirement just got more complicated 2023-07-10T04:00:00Z Previous administrations have tried - and failed - to restrict income tax deductions, which allow taxpayers to use proof of certain expenses, such as medical and educational costs, to reduce their tax bills. Brazil's government eyes tax tweaks to boost revenue -sources 2023-05-16T04:00:00Z A North Carolina land appraiser pleaded guilty to a conspiracy to defraud the United States Friday, involving inflated tax deductions for charitable contributions based on fraudulent appraisals of conservation easements. Land appraiser in North Carolina pleads guilty to $1.3 billion fraud scheme 2023-05-13T04:00:00Z Experts say the question of whether the donors can claim a tax deduction for what they gave to the GoFundMe after his injury may depend on decisions by the IRS. Bills’ Hamlin will put $9.1M in donations into his charity 2023-05-08T04:00:00Z Experts told The Associated Press that the lawsuit's actual cost remains murky because of ways Fox can offset the financial hit, specifically through insurance and tax deductions. "Cost of doing business": Fox News can claim massive tax break on $787M settlement 2023-04-24T04:00:00Z How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions. Fox’s settlement with Dominion unlikely to cost it $787.5M 2023-04-23T04:00:00Z Fox can take a tax deduction from the settlement, Lever News reports. Fox Can Claim a Big Tax Break From Its Dominion Settlement 2023-04-20T04:00:00Z Roberts II sought in each instance a predetermined appraisal value set by co-conspirators, aiming for the desired tax deduction amount. Land appraiser in North Carolina pleads guilty to $1.3 billion fraud scheme 2023-05-13T04:00:00Z That means state and federal lawmakers may have to take up policies to help suffering families and businesses receive disaster tax deductions without having to wait to file a postponed return, Bruckner said. Tax season is getting longer. Blame climate change. 2023-04-17T04:00:00Z Through the tax deductions these donors claimed, taxpayers covered roughly $7.5 billion of the total donations. Column: With a $300-million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax 2023-04-13T04:00:00Z Your state may offer tax deductions or credits for retirees, so do some research. 5 tax tips for older adults 2023-04-07T04:00:00Z Willow is on federal land, which means that Washington will receive royalties but that Alaska will be able to collect only oil-production taxes, which would be offset by company tax deductions for expenses. In Pristine Alaska, an Oil Giant Prepares to Drill for Decades 2023-04-06T04:00:00Z And when they purport to make their planes available for leasing, to fulfill one definition of using the planes for business, they tend to be more adept at generating tax deductions than revenue. Private planes and luxury yachts aren’t just toys for the ultrawealthy. They’re also huge tax breaks 2023-04-05T04:00:00Z The state banned business tax deductions for money spent on private clubs that discriminated. Patt Morrison: The naked truth about L.A.'s swanky private clubs 2023-04-04T04:00:00Z Griffin’s donation, you see, is likely to bring him a sizable federal income tax deduction. Column: With a $300-million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax 2023-04-13T04:00:00Z Promoters pitch bogus tax strategies — for a high fee — that attempt to show taxpayers how to game the tax system with grossly inflated tax deductions. Advice | Don’t get tricked by these ‘Dirty Dozen’ tax scams 2023-03-31T04:00:00Z Still, most government benefits go to the nonpoor, mostly in the form of tax deductions and credits. Perspective | Why are so many Americans poor? Because we allow it, two books argue. 2023-03-16T04:00:00Z The plane is a luxury expense, in other words, essential to help him run up millions more in tax deductions — one black hole orbiting another. Private planes and luxury yachts aren’t just toys for the ultrawealthy. They’re also huge tax breaks 2023-04-05T04:00:00Z The new system can figure out tax deductions and answer questions like a Shakespearan pirate, for example, but it still “hallucinates” facts and makes reasoning errors. What can ChatGPT maker’s new AI model GPT-4 do? 2023-03-15T04:00:00Z And, in Colorado, voters approved a proposition that reduces income tax deductions for the wealthy to fund a school meals program. Republicans aim to weaken ballot measure process after progressive victories 2023-03-15T04:00:00Z “Is it worth it to do consignment, or can you put it on Facebook Marketplace? Nextdoor? OfferUp? A Buy Nothing group? Could you just donate it and take a tax deduction?” 7 lessons learned while cleaning my basement | Produced by Seattle Times Marketing 2023-03-10T05:00:00Z For the first time, the tax deduction that educators for kindergarten through 12th grade can take is rising. What You Need to Know for the 2023 Tax Season 2023-02-25T05:00:00Z That year, the pair's two planes netted them a tax deduction of $14 million. Private planes and luxury yachts aren’t just toys for the ultrawealthy. They’re also huge tax breaks 2023-04-05T04:00:00Z He demonstrated how the system could quickly come up with the proper income tax deduction after being fed reams of tax code — something he couldn’t figure himself. What can ChatGPT maker’s new AI model GPT-4 do? 2023-03-15T04:00:00Z If the tax deduction were no longer available, the board members warned, “the organization folds, and with it go our employees.” Project Veritas claimed James O’Keefe risked group’s nonprofit status 2023-02-21T05:00:00Z He took frequent aim at a law that allows sponsors of cultural activities to receive tax deductions. Brazil races to restore art damaged in capital riot 2023-02-11T05:00:00Z Existing tax law does allow people to take tax deductions for losses, and those rules apply to digital assets like crypto. What You Need to Know for the 2023 Tax Season 2023-02-25T05:00:00Z They passed a law that barred taking a tax deduction if, within either 30 days before or 30 days after a sale, an investor bought a security that was "substantially identical" to the one sold. How the wealthy save billions in taxes by skirting a century-old law 2023-02-10T05:00:00Z When that happens, the donor seeks out illegitimate tax deductions by donating to groups they know are fake nonprofits. Expert: George Santos' alleged fake charity shows how scams divert money from worthy causes 2023-01-18T05:00:00Z To encourage more births, local governments have since 2021 rolled out incentives, including tax deductions, longer maternity leave and housing subsidies. Factbox: How China is seeking to boost its falling birth rate 2023-01-17T05:00:00Z Although local governments have since 2021 rolled out measures to encourage people to have more babies, including tax deductions, longer maternity leave and housing subsidies, the steps are not expected to arrest the long-term trend. China’s population shrinks for the first time since 1961 2023-01-17T05:00:00Z Other changes this year include the end of a tax break for charitable donations for people who don’t itemize, or detail, their various tax deductions. Your Tax Refunds May Be Smaller This Year 2023-01-13T05:00:00Z Since 2021 authorities have introduced measures including tax deductions, longer maternity leave, enhanced medical insurance, and housing subsidies to incentivize people to have more babies. China set for historic demographic turn, accelerated by COVID traumas 2023-01-13T05:00:00Z But one provision in particular drastically reduced the income tax deductions Mr. Trump could claim in 2018 and beyond: limits that Republicans placed on deductions for state and local taxes paid. Key Takeaways From Trump’s Tax Returns 2022-12-30T05:00:00Z Think NIL is a for-profit collective, but Cunningham said it would be beneficial to have a nonprofit component to attract donors who are looking for the charitable tax deduction. The CFP semifinalists and the NIL collectives that back them 2022-12-30T05:00:00Z And if you’re hoping to take a tax deduction for this year, now is the time to give. Perspective | Chronically homeless men have found a home at La Casa in the District 2022-12-28T05:00:00Z Most of the 15 proposals offered incentives to homeowners and communities through income tax deductions or grants — some of which required municipalities to raise matching funds — to clear vegetation around structures. Wildfires in Colorado are growing more unpredictable. Officials have ignored the warnings 2022-12-28T05:00:00Z It’s largely salaried employees with higher incomes who benefit from them, and the value of the tax deduction increases as you enter a higher tax bracket. Opinion | How a tool that’s supposed to help you save could be wasting your time 2022-12-26T05:00:00Z The committee recommends prohibiting team owners from taking tax deductions on fines or penalties paid to charity as a result of workplace misconduct investigations. Opinion | Commanders owner Daniel Snyder should face a reckoning 2022-12-22T05:00:00Z It raised the question of whether the payments reflected actual consulting work or were simply a way to claim an unwarranted tax deduction. Trump’s Taxes: Red Flags, Big Losses and a Windfall From His Father 2022-12-21T05:00:00Z The IRS failed to act even as Trump's tax forms raised questions about how he used tax deductions to reduce his tax liability, according to a separate report from the Joint Committee on Taxation. Calls for investigation after Trump tax returns expose “audit” lie — and years of “negative income” 2022-12-21T05:00:00Z Youngkin is proposing to increase the standard income tax deduction for an individual to $9,000, or $18,000 for married couples filing jointly, which would accomplish a campaign promise to double those amounts. Youngkin proposes $1 billion in tax cuts, higher spending in budget plan 2022-12-15T05:00:00Z This reflects a general problem with policymaking — we rely too much on tax deductions rather than direct benefits. Opinion | How a tool that’s supposed to help you save could be wasting your time 2022-12-26T05:00:00Z There is no tax deduction, but the money isn’t included in their income, either. Liz Weston: Make the most of new rules for charitable giving 2022-12-05T05:00:00Z At issue were the criteria for the use of tax loss carryforwards and tax deductions. Telefonica wins 1.32 billion euros in tax dispute with Spain 2022-10-25T04:00:00Z Over the past year or so, authorities have introduced measures such as tax deductions, longer maternity leave, enhanced medical insurance, housing subsidies, extra money for a third child and a crackdown on expensive private tutoring. Xi says China will seek to lift birth rate in face of ageing population 2022-10-16T04:00:00Z Youngkin also proposes creating a new 10 percent income tax deduction for certain small businesses. Youngkin proposes $1 billion in tax cuts, higher spending in budget plan 2022-12-15T05:00:00Z However, they can claim a tax deduction for the half they pay as their own employer. I’m Young. Why Should I Care About Social Security? 2022-10-14T04:00:00Z If you aren’t going to get a tax deduction for your generosity, then you might broaden the list of worthy causes you want to benefit. Liz Weston: Make the most of new rules for charitable giving 2022-12-05T05:00:00Z I was also paid back for the money, which he took, by the way, as a tax deduction. Michael Cohen: N.Y. fraud case will "financially destroy" Trump — and may put him in prison 2022-10-08T04:00:00Z There’s enough skepticism that a bipartisan effort in Congress has been started to try to limit the tax deductions that would be available to those bankrolling nonprofit NIL collectives. College athletics sees surge in nonprofits paying players 2022-09-30T04:00:00Z An overstatement of what he gave away would mean that the former president took a bigger income tax deduction than the one he was entitled to. Tax law expert: $250 million NY lawsuit against Donald Trump is the beginning, not end, of this case 2022-09-22T04:00:00Z For years, the Italian government has offered tax deductions to encourage buying pellet stoves. Europe is sacrificing its ancient forests for energy 2022-09-10T04:00:00Z Most people no longer get a tax deduction when they donate to charity. Liz Weston: Make the most of new rules for charitable giving 2022-12-05T05:00:00Z There’s no federal tax deduction, but some states may offer a tax break. What to Do if Market Drops Took a Bite Out of Your College Savings 2022-08-26T04:00:00Z While a tax deduction is subtracted from taxable income, a tax credit is subtracted from the amount of tax owed and can result in a hefty refund or a smaller tax payment at filing time. How to save thousands on green energy through Inflation Reduction Act 2022-08-23T04:00:00Z Their bill would pay for the expansion by — among other measures — eliminating the state and local tax deduction. Perspective | Want to improve the lives of children? Expand the child tax credit. 2022-08-18T04:00:00Z Over the past year authorities have started to introduce measures such as tax deductions, longer maternity leave, enhanced medical insurance, housing subsidies, extra money for a third child and a crackdown on expensive private tutoring. China to discourage abortions to boost low birth rate 2022-08-16T04:00:00Z The committee report noted that the handful of bad actors engaged in this abuse “just wanted to buy tax deductions.” Opinion | Protect wildlife in and beyond our borders 2022-08-15T04:00:00Z At the same time, educators were getting a lousy $250 tax deduction that only became permanent and indexed to inflation in 2015. Advice | Teachers get a pitiful $50 tax deduction bump for supplies for 2022 2022-08-12T04:00:00Z It’s important to know that a tax credit is different from a tax deduction. How to save thousands on green energy through Inflation Reduction Act 2022-08-23T04:00:00Z It will apply to companies with more than $1 billion in "book income," the profits they report to shareholders before the effects of tax deductions and credits. Explainer: How could the new U.S. corporate minimum tax affect companies? 2022-08-11T04:00:00Z Donate it to a charity, Mr. Sacco said, and you get the $22,000 tax deduction, even if you only spent a fraction of that in cash to acquire the asset. Crypto Catholics? Archdiocese of Washington first to accept cryptocurrency donations 2022-08-04T04:00:00Z She has also fought Democratic efforts to crack down on abuse of a conservation easement tax deduction and this week introduced legislation to provide a tax break to cryptocurrency investors. “Corporate shill”: Sinema demands to save tax break for wealthy donors after meeting with lobbyists 2022-08-04T04:00:00Z And Congress is notoriously bad at rescinding specific tax deductions and credits. Opinion | Ignore GOP scaremongering about Dems’ tax plans. They’re worth doing. 2022-08-01T04:00:00Z The refusal to lift the cap on state and local tax deductions, in what would have amounted to a massive giveaway to the affluent, is also a major improvement from the earlier BBB. Opinion | The surprise Manchin deal is cause for celebration 2022-07-28T04:00:00Z The bill lacks increased tax deductions for state and local taxes, which some Democrats from high-tax states have demanded as the price for their support. Schumer rallies Democrats after surprise deal with Manchin 2022-07-28T04:00:00Z Another proposal would let money remain in donor-advised funds for 50 years, but it would not be eligible for an income tax deduction until it is donated. Fidelity Charitable sets $4.8B record in grants for 6 months 2022-07-20T04:00:00Z That means Friedmann likely received a tax deduction for donating to his own organization, which then used some of the funds to fight an increase in his taxes. Ken Griffin spent $54 million to fight tax hike on the rich. Secret IRS data shows it’s paying off 2022-07-07T04:00:00Z Attorney General Letitia James has been investigating Trump's business practices for three-and-a-half years, with a focus on whether his company misstated the values of its real estate properties to obtain favorable loans and tax deductions. Real estate firm Cushman & Wakefield held in contempt, fined $10,000 a day 2022-07-06T04:00:00Z In the United States, you can get a tax deduction for your abortion if your overall health care expenses are high enough. The Federal Government Subsidizes Abortions. Will That Last? 2022-07-02T04:00:00Z The measure is unlike other so-called “heartbeat” bills in that it also contains language designating a fetus as a person for certain state-law purposes such as income tax deductions and child support. Abortion ruling prompts variety of reactions from states 2022-06-27T04:00:00Z The measure is unlike other “heartbeat” bills in that it also contains language designating a fetus as a person for certain state-law purposes such as income tax deductions and child support. How U.S. states have banned, limited or protected abortion 2022-06-24T04:00:00Z Unlike a traditional I.R.A., a Roth doesn’t give you a tax deduction for contributing. You’re Never Too Young for a Roth I.R.A. 2022-06-10T04:00:00Z The centerpiece of the budget is a sharp increase in the standard income tax deduction, from the current $4,500 for individuals and $9,000 for joint filers to $8,000 and $16,000, respectively. Virginia lawmakers approve budget with tax cuts, spending increases 2022-06-01T04:00:00Z The centerpiece: increasing the standard income tax deduction, which Youngkin had wanted to double. Virginia lawmakers to vote on tax cuts in compromise state budget plan 2022-05-31T04:00:00Z There are tax deductions for companies that invest their profits, including by spending on oil and gas extraction projects in Britain. U.K. imposes windfall tax on oil and gas company profits as inflation bites 2022-05-27T04:00:00Z U.S. residents can donate through a nonprofit set up by the Ukrainian embassy, which allows for a tax deduction. Ukraine’s crowdfunding aims to keep donors’ interest in war 2022-05-17T04:00:00Z Under current U.S. law, corporations can file for tax deductions if they cover their employees' health expenses. Republicans are now targeting companies whose employees seek abortions 2022-05-10T04:00:00Z The purchase is not considered a charitable donation, so it does not come with a tax deduction, Warhol’s ‘Marilyn’ Sells for $195 Million, Shattering Auction Record for an American Artist 2022-05-09T04:00:00Z Sen. Marco Rubio introduced a bill that would prohibit companies from claiming tax deductions for their employees’ abortion travel costs or “gender transition” expenses for employees’ children. Major companies stay mum on thorny abortion issue – for now 2022-05-05T04:00:00Z James is investigating whether the Trump Organization, the former president’s New York City-based family company, misstated the values of its real estate properties to obtain favorable loans and tax deductions. New York judge holds Trump in contempt for failing to comply with subpoena 2022-04-25T04:00:00Z The Supreme Court on Monday rejected a challenge to Congress’ 2017 tax reform that capped the state and local tax deduction filed by three blue states. Supreme Court won’t review blue states’ SALT tax deduction challenge 2022-04-18T04:00:00Z The deadline for contributing to a Roth I.R.A. for 2021 is also April 18 — but since you don’t get a tax deduction for depositing money into a Roth, it won’t lower your tax bill. How to Save on Your Taxes and Other Last-Minute Tax Tips 2022-04-08T04:00:00Z President Donald Trump's business practices for three-and-a-half years, with a focus on whether his company misstated the values of its real estate properties to obtain favorable loans and tax deductions. New York AG seeks to compel real estate firm to comply with Trump probe subpoenas 2022-04-08T04:00:00Z In an email, Lyft said New York drivers can still take advantage of a cash-back program using a company sponsored debit card, as well as tax deductions for vehicle depreciation and car payments. Amid gas woes, NYC ride-hail drivers seek fuel surcharges 2022-03-25T04:00:00Z Ms. James said in January she has evidence the Trump Organization used misleading statements and omissions in its financial statements to obtain economic benefits, “including loans, insurance coverage and tax deductions.” Trump and two adult children appeal court order to sit for depositions in New York state probe 2022-03-22T04:00:00Z In 1993 Clinton, in progressive fashion, vowed to cap executive salaries, limiting how much annual pay could count toward a corporate tax deduction. Review | Twisting Bill Clinton’s economic record to blame him for inequality 2022-03-11T05:00:00Z “It is not because of the Christmas spirit; it’s because of the tax deduction,” Lankford said. Senators issue bipartisan call to restore donors’ tax breaks 2022-03-17T04:00:00Z The Packers reminded potential shareholders that anyone considering whether to buy stock in the team shouldn’t make the purchase in the interest of making a profit or receiving a dividend or tax deduction. Packers’ latest stock offering produces $65.8 million 2022-03-10T05:00:00Z At the same time civil defense agencies were pushing Americans to build shelters, Congress wouldn’t give tax deductions for the cost of them. Cold War L.A. could have been a nuclear target. One response: the fallout shelter 2022-03-08T05:00:00Z The FTC website warns that other signs of fake charities include promising fictional tax deductions and sweepstakes winnings for those who give. Officials warn against Ukraine charity scams 2022-03-04T05:00:00Z For example, each member has a special tax deduction. Magruder's American Government 2016-01-01T00:00:00Z The federal Tax Cuts and Jobs Act of 2017 limited itemized tax deductions and approximately doubled the standard deduction. Opinion | Virginia’s tax windfall should be shared 2022-02-28T05:00:00Z The four-part plan he outlined involved repealing the grocery tax, doubling the standard income tax deduction, delaying a scheduled increase in the gas tax and rebating taxes for “overtaxation from years past.” More services or more tax cuts: Virginia House and Senate pass vastly different budgets 2022-02-24T05:00:00Z Residents will also be given tax deductions related to their rent payments, as well as subsidies for transport and utilities. Hong Kong budget proposals offer COVID relief with tax breaks, handouts 2022-02-23T05:00:00Z The bill does require members to forfeit profits or tax deductions from unauthorized transactions, but only sales generate profits or deductible losses, so it wouldn’t prevent suspicious purchases. Perspective | Here’s how to ban congressional stock trading so politicians can’t cheat 2022-02-16T05:00:00Z Yet that hasn’t quelled debates in and out of philanthropy, about transparency, tax deductions and congressional legislation, along with speculation about where exactly the money was donated. Elon Musk’s $5.7B donation sparks questions about giving 2022-02-18T05:00:00Z Democrats must also resolve an impasse over the state and local tax deduction. White House aides weigh deficit reduction as way to revamp economic plan for Manchin 2022-02-11T05:00:00Z If you’re self-employed, you can get a tax deduction for every mile you drive for business purposes. 7 ways small-business owners can save on taxes in 2022 2022-02-11T05:00:00Z There are tax deductions available to mortgage holders and a suite of subsidies open to homeowners. The Man Who Fought Homelessness and Won (Sort Of) 2022-02-02T05:00:00Z Many homeowners use a common tax deduction called the mortgage interest deduction, which allows them to reduce their federal income tax bill. Refinancing 101: What you need to know | Provided by 1st Security Bank 2022-01-24T05:00:00Z DAFs are essentially charitable investment accounts in which donors can claim a tax deduction upfront but aren’t legally required to distribute the money. Elon Musk’s $5.7B donation sparks questions about giving 2022-02-18T05:00:00Z The legal filing said the company also overvalued land donations made in New York and California to justify millions of dollars in tax deductions. What comes next in New York’s investigation of Donald Trump 2022-01-19T05:00:00Z There are, of course, lots of other new tax quirks to be aware of, such as an expansion of the Earned Income Tax Credit and a charitable tax deduction for those who don’t itemize. How to file and pay your 2021 taxes online 2022-01-19T05:00:00Z Ms James says this is evidence that the Trump Organization "used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions." Donald Trump investigation reveals new details of alleged fraud 2022-01-19T05:00:00Z The Trump Organization, it said, had overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions. New York AG says Trump’s company misled banks, tax officials 2022-01-18T05:00:00Z “But if he’s getting a subsidy from society through this tax deduction, then there’s a responsibility that goes with it.” Elon Musk’s $5.7B donation sparks questions about giving 2022-02-18T05:00:00Z Rep. Tom Suozzi, a Democrat who represents Long Island and has touted his work to get Congress to raise a tax deduction cap that benefits a high-tax state like New York. Ex-NYC Mayor Bill de Blasio won’t run for governor 2022-01-18T05:00:00Z Be sure to read up on other tax deductions for a rental property. Mortgage interest deduction can be complicated. Here’s what you need to know for the 2022 tax season 2022-01-08T05:00:00Z After he provided the donors with fake receipts, they claimed illegal tax deductions, and Rabbi Goldstein kept about 10 percent for himself, prosecutors said. Rabbi Shot in Synagogue Attack Is Sentenced to Prison in Fraud Schemes 2022-01-05T05:00:00Z Investigators, the court papers said, had “developed significant additional evidence indicating that the Trump Organization used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.” New York AG says Trump’s company misled banks, tax officials 2022-01-18T05:00:00Z “Society is giving them this tax deduction, this subsidy to encourage more resources to get to communities,” Arnold said. Elon Musk’s $5.7B donation sparks questions about giving 2022-02-18T05:00:00Z And the jockeying over state and local tax deductions. Opinion | The U.S. is on the verge of a major health-care achievement, and no one seems to have noticed 2022-01-06T05:00:00Z Business groups, union leaders and others have questioned the feasibility of a plan by Prime Minister Fumio Kishida to offer sizable tax deductions to companies that raise pay. Why Even a 40% Tax Break Won’t Move Japan’s Employers to Raise Pay 2021-12-23T05:00:00Z They should also excise an exorbitant payoff to high-income taxpayers — a loosening of the federal state and local tax deduction — which would free up more money to finance the act’s remaining programs. Opinion | Manchin might have killed Biden’s agenda — or opened the way to Build Back Better 2021-12-20T05:00:00Z It got pricier when moderates insisted they would only support the bill if it restored state and local tax deductions that were taken away by Republicans to pay for the 2017 tax cuts. Opinion | How Biden’s transformation ran aground 2021-12-17T05:00:00Z The community received neither the tax revenue generated by Musk’s income on the shares or the philanthropic benefit that the tax deduction was meant to create. Elon Musk’s $5.7B donation sparks questions about giving 2022-02-18T05:00:00Z Outside of Mr. Manchin’s concerns, Democrats were still scrambling to finalize the legislation and resolve outstanding policy differences, including an unfinished compromise on raising the cap on state and local tax deductions. Democrats Ready to Punt Social Policy Bill to 2022 as Manchin Balks 2021-12-15T05:00:00Z Companies that comply will be allowed to increase their overall corporate tax deductions by up to 40 percent. Why Even a 40% Tax Break Won’t Move Japan’s Employers to Raise Pay 2021-12-23T05:00:00Z Disputes among other lawmakers include how to increase federal tax deductions for state and local taxes. AP source: Biden, Manchin sharply divided over $2T Dem bill 2021-12-15T05:00:00Z The conservation easement deduction allows landowners who donate land for conservation to claim tax deductions on their income. Kyrsten Sinema fighting Democrats to save another tax break abused by the rich 2021-12-15T05:00:00Z By the way, if a crowdfunding posting is claiming to be helping a specific individual or family, donors in the United States generally cannot take a federal income tax deduction, the BBB points out. Perspective | Beware of storm-chasing scammers trying to capitalize on tornado relief efforts 2021-12-14T05:00:00Z Scott, a major critic of the proposal, told the Washington Times it would hurt low-income families as part of the same legislation that would restore tax deductions for wealthy blue state residents. Biden spending bill's proposed cuts to hospital funding draws scrutiny 2021-12-14T05:00:00Z Lawmakers targeted Marshall Field, the wealthy department store operator, because he had taken substantial tax deductions on his money-losing newspapers. How billionaires use hobbies to slash their tax bills 2021-12-10T05:00:00Z The proposal gained traction among some liberals in recent years amid reports that 55 major corporations are effectively able to zero out their tax liability by aggressive use of tax deductions. Treasury officials raised concerns about new minimum tax on corporations, key to Biden spending plan 2021-12-07T05:00:00Z Rep. Mike Thompson, D-Calif., who introduced the bill in the House, said the bill would protect the tax deduction from "bad actors" abusing the program. Kyrsten Sinema fighting Democrats to save another tax break abused by the rich 2021-12-15T05:00:00Z Suozzi had said for months he’s been considering a gubernatorial campaign but first wanted to get the tax deduction cap raised in Congress and use that to make his pitch to voters. US Rep. Tom Suozzi says he’s running for New York governor 2021-11-29T05:00:00Z The largest item in the House version of Build Back Better is a restoration of state and local tax deductions, costing $275 billion over 10 years, most of which will accrue to upper-income households. Opinion | Powell’s next term could include the biggest test for central banking since Volcker 2021-11-23T05:00:00Z The line drawn was simple: After five straight years of losses, further tax deductions would be sharply limited. How billionaires use hobbies to slash their tax bills 2021-12-10T05:00:00Z A GOP move to erase the measure’s higher tax deductions for state and local taxes could let them accuse Democrats of protecting the rich, the chief beneficiaries of those deductions. It’s not just Manchin: Dems’ $2T bill faces Senate gauntlet 2021-11-23T05:00:00Z RELATED: The IRS tried to crack down on rich people using an "abusive" tax deduction. Kyrsten Sinema fighting Democrats to save another tax break abused by the rich 2021-12-15T05:00:00Z The bigger that value was, the bigger the tax deduction could be. N.Y. prosecutors set sights on new Trump target: Widely different valuations on the same properties 2021-11-19T05:00:00Z Other Democrats insisted on adding a massive payoff to well-off people in states with high income taxes, loosening the cap on the federal tax deduction for state and local income taxes. Opinion | There’s a lot to like in the Build Back Better bill. But there’s a lot that needs improving too. 2021-11-19T05:00:00Z Even if the hobby loss rule were aggressively enforced, however, it covers only one aspect of how the wealthy can use their fortunes to generate tax deductions from their businesses. How billionaires use hobbies to slash their tax bills 2021-12-10T05:00:00Z Some are putting the price tag at as much as $2.5 trillion, a calculation that includes changes to the state and local tax deduction, and which is, for accounting reasons, a bit misleading. How Much Does Biden’s Spending Bill Actually Cost? 2021-11-20T05:00:00Z The House bill also significantly raises the cap on state and local tax deductions, a move designed to pick up the votes of Democrats representing high-tax districts but likely to be adjusted in the Senate. Biden’s push for Senate passage of his spending bill marks a career-defining moment 2021-11-19T05:00:00Z And some liberals have rejected the House provision to generously increase the federal tax deduction for state and local taxes paid, which would primarily benefit wealthy homeowners who itemize their deductions. House Narrowly Passes Biden’s Social Safety Net and Climate Bill 2021-11-19T05:00:00Z The inclusion of SALT, an income tax deduction that mostly benefits high-tax blue states, was key to House Speaker Nancy Pelosi securing the support of her moderate Democrats for the roughly $1.75 trillion bill. House Dems celebrate $1.75T welfare bill’s passage 2021-11-19T05:00:00Z House Democrats have also added an expansion of the state and local tax deduction, which mainly benefits wealthy residents in high-tax blue states such as New York and California. Pelosi pushing futile vote on multi-trillion-dollar spending bill 2021-11-15T05:00:00Z The Packers say anyone considering whether to buy stock in the team shouldn’t make the purchase in the interest of making a profit or receiving a dividend or tax deduction. Packers plan to open stock offering Tuesday morning 2021-11-15T05:00:00Z Fidelity places the cash from crypto in a donor-advised fund, which allows donors to get tax deductions upfront before distributing any of the money to a working charity. Charities see more crypto donations. Who is benefiting? 2021-11-15T05:00:00Z Progressives are fighting back against expanding this tax deduction, known as SALT, and Suozzi is furious. The Democrat leading the charge to ram a tax cut for the rich into Biden’s Build Back Better bill 2021-11-12T05:00:00Z Donor-advised funds, which are similar to charitable investment accounts, allow donors to receive a tax deduction upfront without directly giving the money to a working charity. Education, religious groups gain most from giving strategy 2021-11-11T05:00:00Z As Democrats debate the final details, the House added a controversial increase in the state and local tax deduction, known as SALT, to $72,500 from $10,000. Analysis | Biden’s infrastructure bill will bring jobs. He wants the safety net bill to reduce inequities. 2021-11-07T04:00:00Z In late tweaks to the bill to nail down votes, the House Rules Committee approved revisions to a state-and-local tax deduction and other issues. House Dems delay huge social bill, plan infrastructure vote 2021-11-05T04:00:00Z A separate skirmish arose over a plan to lift a cap on the state and local tax deduction. House Democrats near vote on $1.75 trillion spending plan 2021-11-04T04:00:00Z The House Rules Committee processed final revisions including to a state-and-local tax deduction in a brief meeting late Thursday in preparation for floor votes. Biden’s big bill on brink of House votes, but fights remain 2021-11-04T04:00:00Z Billionaires often reap sizable tax deductions from owning sports teams, as a ProPublica story this year detailed. These billionaires received taxpayer-funded stimulus checks during the pandemic 2021-11-04T04:00:00Z His plan would provide tax deductions to some homeowners, place a 2-percent cap on annual property tax increases and eliminate tax breaks for wealthy institutions like hospitals, universities and Madison Square Garden. A Last-Chance Mayoral Election Guide 2021-10-29T04:00:00Z Corporations are able to achieve $0 tax payments because they use tax deductions authorized by Congress — such as for research and development, or green energy credits — to zero out their tax liabilities. Billionaire tax out, corporate minimum tax in: Where the White House landed on tax plans 2021-10-28T04:00:00Z Such funds would allow them to receive tax deductions up front without distributing any of the money. ‘Stupid’ and ‘insane’: Some billionaires vent over tax plan 2021-10-28T04:00:00Z There are multiple programs through Fannie Mae and Freddie Mac, as well as tax deductions. These Chicago residents are trying to revitalize their neighborhood without gentrification 2021-10-22T04:00:00Z Individuals would be able to receive tax deductions, however, if their assets lose value over a year. Manchin ‘open’ to billionaires tax to pay for Biden’s multi-trillion-dollar social welfare bill 2021-10-25T04:00:00Z Individuals would be able to receive tax deductions, however, if their assets lose value over the span of a year. ‘Fair share’: Democrats eye billionaire’s tax to help push Biden spending bill across finish line 2021-10-22T04:00:00Z There are multiple programs through Fannie Mae and Freddy Mac, as well as tax deductions. These Chicago residents are trying to revitalize their neighborhood without gentrification 2021-10-22T04:00:00Z That’s because those who use donor-advised funds receive immediate tax deductions, while assets in the accounts are allowed to accrue indefinitely. California sets new rules for mystery donations made on behalf of lawmakers 2021-10-21T04:00:00Z Critics have been calling for DAF reforms because the accounts aren’t required to make donations to working charities in any given year, but allow donors to take immediate tax deductions. Who will get Powell Jobs’ $3.5B gift for climate work? 2021-10-18T04:00:00Z Landlords can report expenses for the unit as a tax deduction, but have to allocate between what space is rented and what’s a common area. Want to rent out part of your home? Here’s what to know. 2021-10-11T04:00:00Z According to a recent study by the consulting firm CCS Fundraising, 25% of donors cited the tax deduction as a motivation for their charitable giving. A growing worry for charities: Tax havens for the rich 2021-10-09T04:00:00Z Homeowners can also take out a tax deduction for the interest paid. Remodeling your home? Here are seven ways to pay for it. 2021-10-04T04:00:00Z Some Democrats insist on removing the cap on the federal tax deduction for state and local income taxes. Opinion | How Democrats can close the deal on Build Back Better 2021-10-06T04:00:00Z In particular, he pointed to a restoration of the state and local tax deductions capped during the Trump administration, and affordable child care. House prepares for possible vote on infrastructure bill amid fractious negotiations 2021-09-30T04:00:00Z Democrats have said the bill will be fully paid for, even as they look to add expensive relief from a $10,000 cap on state and local tax deductions to the package. GOP reconsiders retirement bill as Democrats push new mandate 2021-09-27T04:00:00Z The plan seeks an increase in income tax deductions for citizens who earn more than $24,000 annually, which Lasso says would affect 3.5% of the economically active population. Ecuador's Lasso proposes economic reforms to reactivate economy 2021-09-24T04:00:00Z Representative Tom Suozzi of New York says he will not vote for any version that does not substantially reinstate the state and local tax deduction, a crucial issue for high-tax states. Biden Huddles With Democrats as Divisions Threaten His Agenda 2021-09-22T04:00:00Z Unlike Mr. Abe, Ms. Takaichi — who did not comment for this article — has said little about the gender gap, though she has called for tax deductions for child care and support for women’s health. A Hard-Line Conservative Hopes to Be Japan’s First Female Leader 2021-09-19T04:00:00Z “Plus, they will maximize your tax deductions, which will most likely give you a higher return than the cost of a CPA.” Millennial Money: 5 steps to level up your side hustle 2021-09-21T04:00:00Z The 2017 tax overhaul included a provision that let some people take a 20% tax deduction on certain types of business income. How Accounting Giants Craft Favorable Tax Rules From Inside Government 2021-09-19T04:00:00Z Mr. Youngkin has proposed doubling the standard income tax deduction for taxpayers, suspending a gas tax increase and slicing taxes on veteran retirement. Glenn Youngkin win in Va. governor’s race would require focus on economic issues, George Allen says 2021-09-16T04:00:00Z The new taxes fall heavily upon business, including limiting small business tax deductions, upping the corporate tax rate to 26.5% from 21%, and slapping a 3.8% tax on pass-through entities such as law firms. Biden’s ‘long overdue’ tax hikes span from Wall Street to Main Street, from superwealthy to smokers 2021-09-16T04:00:00Z As part of the proposal, Democrats also called for gutting several popular tax deductions and exemptions in an attempt to boost federal revenue. ‘Doormats’ for Pelosi: Vulnerable Democrats under fire over proposed tax hikes 2021-09-16T04:00:00Z A business credit card can also help you track expenses and identify tax deductions. Millennial Money: 5 steps to level up your side hustle 2021-09-21T04:00:00Z Mr. Youngkin has proposed doubling the standard income tax deduction for taxpayers, suspending a gas tax increase, and slicing taxes on veteran retirement. Taxes, economy loom large for Youngkin in Virginia governor’s race 2021-09-16T04:00:00Z House of Representatives on Monday said they were continuing to work on legislation that would "undo" a cap on state and local tax deductions imposed by Republicans' 2017 tax reform law. U.S. House Democrats seek to end cap on state, local tax deduction 2021-09-13T04:00:00Z Another gift to the real estate industry in the bill was a tax deduction of up to 20% on dividends from real estate investment trusts, more commonly known as REITs. Secret IRS files reveal how much the ultrawealthy gained by shaping Trump’s “big, beautiful tax cut” 2021-08-12T04:00:00Z Republicans crowed after Democrats opposed GOP amendments calling for the full-time reopening of pandemic-shuttered schools and boosting the Pentagon’s budget and retaining limits on federal income tax deductions for state and local levies. Top Dem sees tough pathway for $3.5T social, climate plans 2021-08-11T04:00:00Z Republicans crowed after Democrats opposed GOP amendments calling for the full-time reopening of pandemic-shuttered schools, boosting the Pentagon’s budget and retaining limits on federal income tax deductions for state and local levies. Senate nears OK of Dems’ $3.5T budget, despite GOP attacks 2021-08-10T04:00:00Z And they're on the way to convincing Democrats to restore the federal tax deduction for state and local taxes, of which they're the biggest beneficiaries. To save democracy, Biden and the Democrats must stand up to "wealth supremacists" 2021-08-03T04:00:00Z One group of Democrats from high-tax states is expected to push hard for a reinstatement of the state and local tax deduction that Republicans limited in 2017. Get into details about Biden’s plans and beware of GOP inflation attacks, Democratic group advises 2021-07-28T04:00:00Z “The idea of getting a tax deduction today for money that may not be paid out for 50 years makes no sense,” the senator added. Critics take aim at charitable money sitting in donor funds 2021-07-20T04:00:00Z “The temptation for the business is that it claims a tax deduction for the expense, while the recipient does not report it in income.” Trump Organization CFO expected in court after indictment 2021-06-30T04:00:00Z Roth IRAs are funded with money that’s already been taxed, so there’s no additional tax deduction on contributions. You too can reap the tax advantages of a Roth IRA 2021-06-29T04:00:00Z An LLC doesn’t always provide the same tax deductions that traditional foundations do, but it comes with fewer rules. Gates divorce speeds divergence of separate philanthropic goals 2021-06-28T04:00:00Z The U.S. allows tax deductions for many expenses - such as client entertainment, stock-based compensation and certain legal costs - that are not typically deductible elsewhere. Even after Biden tax hike, U.S. firms would pay less than foreign rivals 2021-06-22T04:00:00Z One type of account would give donors an immediate income tax deduction for money they agree to give to a charity within 15 years. Critics take aim at charitable money sitting in donor funds 2021-07-20T04:00:00Z It’s unclear how many companies that pay ransomware payments avail themselves of the tax deductions. Hit by a ransomware attack? Your payment may be deductible 2021-06-18T04:00:00Z “Yes, a tax deduction now sometimes sounds great, but is that tax deduction going to outweigh the benefit of a Roth later on?” You too can reap the tax advantages of a Roth IRA 2021-06-29T04:00:00Z We should eliminate all tax deductions, except for charitable contributions, and lower individual tax rates so most individuals will not be harmed by the loss of deductions. Opinion | An easier way to fix undertaxation of the wealthy 2021-06-16T04:00:00Z Donor-advised funds are often criticized because they aren’t required to make donations in any given year, but donors are able to take immediate tax deductions before charities get any of the money. Charitable giving in the U.S. reaches all-time high in 2020 2021-06-15T04:00:00Z These donors would get no income tax deduction until then. Critics take aim at charitable money sitting in donor funds 2021-07-20T04:00:00Z When asked at a congressional hearing whether the company would pursue a tax deduction for the payment, Colonial CEO Joseph Blount said he was unaware that was a possibility. Hit by a ransomware attack? Your payment may be deductible 2021-06-18T04:00:00Z The King-Grassley legislation would allow donors to get an upfront tax deduction for donor-advised-fund deposits if they distribute the money within 15 years. Senators push measure to accelerate DAF, foundation giving 2021-06-09T04:00:00Z But they would need to wait until then to claim the full tax deduction. How Long Should It Take to Give Away Millions? 2021-06-09T04:00:00Z The Treasury’s report also avoided the contentious topic of raising the limit for state and local tax deductions, which were capped at $10,000 under the 2017 tax law. Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations 2021-05-28T04:00:00Z Then he attacked Democrats for a state and local tax deduction that is not in Mr. Biden’s plan. Opinion | Mr. Will attacked the solutions without offering alternatives 2021-05-26T04:00:00Z Since then, he said, the rise of ransomware attacks has only strengthened the case for the IRS to allow ransomware payments as tax deductions. Hit by a ransomware attack? Your payment may be deductible 2021-06-18T04:00:00Z Federal tax deductions for state and local taxes allow for more public benefits, at less cost, to those who receive them, regardless of income or wealth. Opinion | A federal subsidy for generous benefits 2021-05-18T04:00:00Z These contributors used donor-advised funds, a type of charitable giving account offered by some nonprofit foundations and for-profit investment firms that provide a generous tax deduction and, when requested, anonymity. How donors give millions to Garcetti-backed nonprofit and keep their identities secret 2021-05-13T04:00:00Z Like all corporate taxpayers, Amazon benefits from an assortment of tax deductions. How much income tax did Washington state’s biggest companies pay? 2021-05-08T04:00:00Z With Trump in the White House, Stefanik voted against some of his policy proposals, including the 2017 tax cuts because she said the limits on local and state tax deductions would hurt her constituents. Stefanik emphasizes support for false election claims, Trump movement ahead of leadership vote 2021-05-06T04:00:00Z She opposed his signature 2017 tax cuts because they limited the state and local tax deductions that benefited homeowners in many Northeast states. Republicans prepare to oust Cheney from leadership and install Stefanik as party purges Trump critics 2021-05-05T04:00:00Z Because of a federal income tax deduction from state taxes, when the feds take more, Louisiana families pay less to the state. Editorial Roundup: Louisiana 2021-05-05T04:00:00Z The break, the state and local tax deduction, known to policy wonks as SALT, does what it says it does. Why a $10,000 Tax Deduction Could Hold Up Trillions in Stimulus Funds 2021-05-01T04:00:00Z One key difference relates to the timing of tax deductions, which allow companies to reduce their taxable income. How much income tax did Washington state’s biggest companies pay? 2021-05-08T04:00:00Z He donated the mileage to the California Institute of the Arts so that students could travel — a marvelous gift that, notably, also gave him a large charitable tax deduction. Commentary: The art world knew him simply as Eli. How Broad was friend and foe to museums 2021-05-01T04:00:00Z The seven-figure gift was made from a donor-advised fund, a type of charitable giving account offered by some nonprofit foundations and for-profit investment firms that provide more generous income tax deductions and anonymity. How a $1-million donation on behalf of Newsom was hidden in plain sight 2021-04-30T04:00:00Z The Senate voted 36-3 Tuesday for one piece of getting rid of the federal income tax deduction, but most major tax bills must start in the House. Analysis: Tax overhaul gains momentum, but what approach? 2021-04-25T04:00:00Z But I’ll be the skunk at the picnic: By allowing state and local tax deductions on federal returns, the U.S. government is subsidizing high California taxes. California Democrats have a chance to flex some muscle and work to restore deductions for taxpayers 2021-04-15T04:00:00Z It would also expand a state tax deduction on student loan payments and make all lower and middle income students at the state’s two university systems eligible for a state scholarship. Immigrant health care is on California Senate’s wish list 2021-04-14T04:00:00Z Democrats from northeastern states also want to reverse Trump’s cap on federal income tax deductions for state and local taxes. White House seeks bipartisan infrastructure push; Republicans wary 2021-04-12T04:00:00Z Other proposals pushed by Republican leaders would lower personal and corporate income tax rates in exchange for eliminating Louisiana’s current tax deduction for federal income taxes paid. Analysis: Louisiana lawmakers plan return to old tax debates 2021-04-11T04:00:00Z It would also eliminate lucrative tax deductions for foreign-owned companies that are based in low-tax countries — like Bermuda or Ireland — but have operations in the United States. Biden’s Tax Plan Aims to Raise $2.5 Trillion and End Profit-Shifting 2021-04-07T04:00:00Z It would also eliminate lucrative tax deductions for foreign-owned companies that are based in low-tax countries — like Bermuda or Ireland — but have operations in the United States.” Biden’s tax plan aims to raise $2.5 trillion, end profit-shifting 2021-04-07T04:00:00Z Even after tax deductions and credits, they still paid over 40 percent. Here are 7 necessary ways to tax the rich 2021-04-03T04:00:00Z Donor-advised funds aren’t required to make donations in any given year — a hot-button issue in philanthropy since donors are able to take immediate tax deductions before charities get any of the money. Billionaires John, Laura Arnold to give 5% of wealth yearly 2021-04-05T04:00:00Z The memo noted that relief legislation approved in December by Congress created a new income tax deduction for businesses that received federal Paycheck Protection Program loans. Kansas expects federal policy to cost it $360M over 3 years 2021-04-01T04:00:00Z They want to roll back the limit on the state and local tax deduction, known as SALT, which prevents households from deducting more than $10,000 a year from their federal tax bills. Biden’s Infrastructure Plan Meets Skepticism, Signaling Fight to Come 2021-03-31T04:00:00Z The letter called for grants, loans, tax credits and tax deductions to promote research and manufacturing. Biden’s Push for Electric Cars: $174 Billion, 10 Years and a Bit of Luck 2021-03-31T04:00:00Z Three House Democrats have already vowed to oppose the package because it does not reverse a cap on state and local tax deductions from former president Donald Trump’s tax law. White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government 2021-03-31T04:00:00Z Senate Republicans’ larger plan was far more aggressive on increasing standard income tax deductions and would include provisions to exempt Social Security and other retirement income from taxes. GOP pushes through smaller plan for Kansas income tax cuts 2021-03-30T04:00:00Z Prosecutors asked about individuals involved in the appraisal of the estate and benefits derived from its valuation, including a $21 million income tax deduction. NY prosecutors interview Cohen an 8th time in Trump inquiry 2021-03-19T04:00:00Z Meanwhile, Senate Democrats are lobbying him to repeal the cap on state and local tax deductions — which would entail a tax cut that mostly benefits the top 1 percent. Opinion | Republicans are laying a ‘Trojan horse’ trap on infrastructure 2021-03-18T04:00:00Z Investigators asked Cohen about individuals involved in the appraisal of the estate and benefits derived from its valuation, including a $21 million income tax deduction. Trump’s taxes in hand, Manhattan DA’s probe heats up 2021-03-17T04:00:00Z Those license holders are being offered up to $200,000 in tax deductions over a four-year period, along with waivers on annual license fees. New Mexico Legislature approves liquor license overhaul 2021-03-10T05:00:00Z Trump received a $21 million income tax deduction, equal to the value of the conserved land, according to property and court records. Claimed value of sleepy NY estate could come to haunt Trump 2021-03-07T05:00:00Z Lawmakers also agreed to allow tax deductions of up to $100,000 for business expenses funded with forgiven Paycheck Protection Plan loans and Rebuild Virginia grants. Compromise Virginia budget plan heads for final vote 2021-02-26T05:00:00Z The U.S. attorney’s office in Memphis said Thursday that Linda Williams, 52, prepared fake tax returns for friends and relatives that claimed more than $500,000 in false tax deductions to inflate their refunds. Tax worker charged with filing fake returns, keeping refunds 2021-02-26T05:00:00Z That would reduce your required taxable distribution by $1,000 — the functional equivalent of getting a federal tax deduction for your contribution. Perspective | What do Apple and some well-off senior citizens have in common? Financial quirks are helping them get richer. 2021-02-23T05:00:00Z Lost state income from the tax deduction would be offset by a new 2% excise tax on individual drink sales. New Mexico House endorses liquor reforms 2021-02-23T05:00:00Z Manhattan prosecutors have also subpoenaed the Trump Organization for records related to tax deductions on millions of dollars in consulting fees, some of which appear to have gone to the former president’s daughter Ivanka Trump. Manhattan D.A. Recruits Top Prosecutor for Trump Inquiry 2021-02-18T05:00:00Z Erich Timmerman, a spokesman for Cardinal Health, said in a statement that the company’s tax deductions are permissible under federal law. Drug companies seek billion-dollar tax deductions from opioid settlement 2021-02-12T05:00:00Z Kelly’s plan is focused solely on individuals and would increase the state’s standard income tax deductions for individuals by 35% over two years. Kansas governor offers rival to Republican tax-cutting plan 2021-02-09T05:00:00Z They argued that this cap on property tax deductions was an extra penalty, on top of New York and New Jersey historically sending billions more to Washington than they get back in federal spending. Can we get back to "normal"? That would require addressing structural wealth inequality 2021-02-09T05:00:00Z Lawmakers have drafted a variety of tax deductions and credits instead. State relief plans take shape at New Mexico Legislature 2021-01-27T05:00:00Z Good candidates would be elimination of the tax deduction for mortgage interest, which cost the Treasury $30 billion in 2020, and about 60 percent of which accrued to households earning upward of $200,000. Opinion | The rich got richer during the pandemic. We need to claw back their gains. 2021-01-25T05:00:00Z Johnson & Johnson declined to comment on the opioid settlement and tax deductions beyond its regulatory filings. Drug companies seek billion-dollar tax deductions from opioid settlement 2021-02-12T05:00:00Z The House legislation includes providing for electronic execution of wills, remote lawmaker attendance at committee hearings and restoring certain business tax deductions for pandemic-related losses. Colorado lawmakers race through short start to 2021 session 2021-01-14T05:00:00Z "This is evident by the inclusion of the 'three martini lunch' tax giveaway," she added, referring to a tax deduction for business meals included in the bill. Sanders, progressives slam Trump's "unbelievably cruel" intransigence as unemployment expires 2020-12-28T05:00:00Z It allows us to take a charitable tax deduction. Opinion | Why you should apply a racial equity lens to your end-of-year giving 2020-12-24T05:00:00Z But lobbyists for the restaurant sector also fought for tax deductions on business expenses covered by PPP money. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z According to the Post, Democratic leaders agreed to allow the tax deduction for business meals "in exchange for Republicans agreeing to expand tax credits for low-income families and the working poor in the final package." "$600 is not enough": Progressives in Congress left unhappy with COVID relief deal 2020-12-22T05:00:00Z Democrats wanted expanded tax credits for low-income families; Republicans refused, unless they got an expanded tax deduction for corporate meals, sometimes known as the “three-martini lunch” tax break. Opinion | Republicans claim to be the party of the working class. They have a funny way of showing it. 2020-12-21T05:00:00Z Oh, and lawmakers included a tax deduction for what critics call the "three-martini lunch." Live: Coronavirus daily news updates, December 21: What to know today about COVID-19 in the Seattle area, Washington state and the world 2020-12-21T05:00:00Z The White House also secured a ‘three martini lunch’ tax deduction in a draft of the relief package. Senate majority leader announces approximately $900 billion deal on emergency relief package 2020-12-20T05:00:00Z December is typically the most important month for nonprofit revenues, as Christmas and end-of-year tax deductions drive a flood of charitable giving. Donations soar but nonprofits still struggle with pandemic 2020-12-13T05:00:00Z The McConnell bill also reintroduces a Republican plan to allow diners to claim a tax deduction on their meal expenditures, a provision pushed by the business lobby but viewed skeptically by economists and some Republicans. Bipartisan group of lawmakers announces $908 billion stimulus plan, aiming to break logjam 2020-12-01T05:00:00Z Democratic leaders have also sought to use pandemic-response legislation to eliminate a cap on state and local tax deductions put in place by Trump’s 2017 tax bill. Republicans lob accusations of elitism at ‘Middle Class Joe’ — a sign of the upended politics of populism 2020-11-27T05:00:00Z There were new revelations Thursday that both James and Vance had also subpoenaed documents related to tax deductions taken by Trump’s company related to business consulting fees paid to his daughter, Ivanka Trump. Criminal probe, legal fights await Trump after White House 2020-11-19T05:00:00Z He successfully led the charge for changes to the state and local tax deduction, known as SALT, that raised taxes for many New Yorkers. What Biden’s Win Could Mean for New York: 5 Takeaways 2020-11-09T05:00:00Z In 2006, lawmakers wanted to promote conservation while helping farmers and ranchers, so they expanded conservation easements, in which property holders agree to not develop land in exchange for a tax deduction. Trump’s tax bills are what happens when government tries to make policy through the tax code 2020-11-01T04:00:00Z Imagine what fun Lindsay could have had with today’s preeminent populist, who has taken more than $70,000 in tax deductions for hair styling. Opinion | The coming decade of Democratic dominance 2020-10-27T04:00:00Z Meanwhile, zillionaires claim enormous tax deductions for donating expensive art to their own private “museums” located on their own property. Opinion | Who’s the Tax Cheat: The Lady in Jail or the Man in the White House? 2020-10-10T04:00:00Z If someone is acting for personal reasons like consumption or leisure, a tax deduction is generally not allowed. Trump’s decade-old audit illustrates why the IRS targets the working poor as much as the rich 2020-10-10T04:00:00Z Unless the payments were for actual business expenses, he said, claiming a tax deduction for them would be illegal. Trump engineered a sudden windfall in 2016 as campaign funds dwindled 2020-10-09T04:00:00Z McSally itemized her tax deductions each year, claiming deductions for mortgage interest, charitable giving, and state and local taxes. McSally releases tax returns ahead of Senate debate 2020-10-06T04:00:00Z McSally itemized her tax deductions each year, claiming deductions for mortgage interest, medical expenses, charitable giving, and state and local taxes. McSally releases tax returns ahead of Senate debate 2020-10-06T04:00:00Z In part, Trump aggressively used business tax deductions and charitable donations. The worst part of Trump paying zero taxes? It's probably entirely legal | Chuck Collins 2020-10-02T04:00:00Z Better Markets points out that at least a portion of the penalties will be covered by insurance and a tax deduction, assuaging the pain considerably. Column: JPMorgan gets yet another 'sweetheart' deal from feds for flagrant market corruption 2020-09-30T04:00:00Z That figure matches the exact amount that her father wrote off as tax deductions for consulting fees on two Trump Organization hotel projects from the same year. "No question about it": Former Watergate prosecutor predicts Trump and Ivanka may end up behind bars 2020-09-30T04:00:00Z Even being excoriated by a judge for making up tax deductions didn't change Trump's behavior. The New York Times pulls back the covers on Trump, an unrepentant tax cheat 2020-09-30T04:00:00Z Employees can’t write off home office expenses as a tax deduction, because of changes supported by Trump. Perspective | Don’t be like Trump: Deducting hairstyling and home expenses from your taxes could get you in trouble with the IRS 2020-09-29T04:00:00Z Trump even found a way to deploy charitable tax deductions in a self-interested manner. The worst part of Trump paying zero taxes? It's probably entirely legal | Chuck Collins 2020-10-02T04:00:00Z The newspaper also alleges Mr Trump claimed tax deductions on expenses including $70,000 of hair styling for television. Biden and Harris release tax returns ahead of debate 2020-09-29T04:00:00Z “What really got me was the hair,” he said, about the $70,000 tax deduction Trump reportedly took for hair styling. Perspective | A pug, a cat and a baby have paid more in taxes than Trump reportedly has 2020-09-28T04:00:00Z Consulting fees of exactly the same amount were claimed as tax deductions by the Trump Organization for hotel projects, the Times says. Trump's taxes 'national security' issue - Pelosi 2020-09-28T04:00:00Z Trump threatened to develop the property and the people in surrounding towns objected, so instead he agreed not to develop it in exchange for a “$21.1m charitable tax deduction” for land preservation. Trump’s tax avoidance is a national disgrace. Don't let him blame 'the system' | Nathan Robinson 2020-09-28T04:00:00Z There was the Republican-led repeal of the state and local tax deduction, known as SALT, that socked high-income taxpayers in Democratic states like New York and California with enormous tax bills. Opinion | Trump’s Messy Divorce From New York 2020-09-26T04:00:00Z To take the child tax deduction, parents then had to name each child and list their Social Security number. How income-tax secrecy benefits Trump and hurts you 2020-09-20T04:00:00Z After that project failed to progress, he granted an easement over 158 acres to a conservation land trust in 2016 in order to qualify for an income tax deduction. Lawyers: Trump son won’t testify in NY probe before election 2020-09-17T04:00:00Z And while there’s no federal tax deduction for contributions to a 529, some states offer tax breaks. Tips on Spending the Money in College Savings Accounts 2020-09-04T04:00:00Z Under Abe’s first administration in 2006, Suga headed the ministry of internal affairs where he introduced a hometown tax program, offering tax deductions for those who donate money to local municipalities. How Abe's right-hand man made his play for Japan's top job 2020-09-03T04:00:00Z State law provides a tax deduction for sales at a retail food establishment, and a memo from the tax agency outlines exact circumstances for waiving taxes on food. New Mexico to grocery stores: Stop taxing food on deliveries 2020-09-02T04:00:00Z The trials showed that Trump not only fabricated more than $600,000 of phony tax deductions, but he also altered one return to put his tax accountant's name on the return he filed. How income-tax secrecy benefits Trump and hurts you 2020-09-20T04:00:00Z The land being conserved in exchange for the tax deduction was worth $21.1 million, it said. Lawyers: Trump son won’t testify in NY probe before election 2020-09-17T04:00:00Z For some higher earners in urbanised, mostly Democratic states, taxes went up due to a cap on state and local property and income tax deductions. Has Trump delivered on his promises? 2020-08-27T04:00:00Z Crawford’s proposal would preserve a $500,000 income cap on a Nebraska state income tax deduction that was eliminated with the passage of the U.S. Nebraska lawmakers spar over $82M business tax deduction 2020-08-06T04:00:00Z That’s likely to get dumped, as will a more generous federal tax deduction for state and local taxes that Democrats included in their bill. Virus aid: Where things stand in high-level Washington talks 2020-08-05T04:00:00Z A group of more than 3,800 nonprofits recently sent a letter asking congressional leaders to increase the tax deduction for charitable contributions, and to reimburse nonprofits for payments to state unemployment funds. Providing a Pandemic Safety Net, Nonprofits Need Their Own 2020-07-24T04:00:00Z That’s a shift from the perks previously dangled in front of employees, like swanky office spaces or commuter tax deductions. Job seekers get more options — and competition — as working from home persists 2020-07-10T04:00:00Z “Sightseeing, tourism — we’re looking at tax deductions there, too, to help the economy get going.” Trump wants tax breaks to lure baseball fans back, but incentive could misfire with attendance still barred 2020-07-08T04:00:00Z You’ll be able to find supporting information for tax deductions, for example, or receipts to claim warranty or price protection. How to organize important documents simply and safely 2020-07-08T04:00:00Z Garbarino has said he wants to continue King’s efforts to fight gang violence and repeal a 2017 federal cap on state and local tax deductions. Field set in fight to succeed Rep. Peter King in Congress 2020-07-03T04:00:00Z State law provides for a tax deduction for sales “at” food establishments, she said. Home deliveries don’t get food-tax exemption during pandemic 2020-07-02T04:00:00Z When people put money into these funds, they get the tax deduction at that moment. Philanthropy Rises in Pandemic as Donors Heed the Call for Help 2020-06-26T04:00:00Z “We’re set up to do more if we want,” Mr. Trump said, adding he would favor tax cuts for companies and investors and a tax deduction for business meals meant to help restaurants. Falling Jobless Rate Could Imperil Aid Underpinning the Recovery 2020-06-05T04:00:00Z Kudlow listed additional tax deductions as possible policies to be sought by the White House, including “major tax deductions for restaurants” and other sectors, from tourism to the sports industry. Trump banks on the economy rebounding quickly without more government help — for now 2020-06-04T04:00:00Z There’s no federal tax deduction for contributions, but some states offer tax breaks. Stock Market Turmoil Took Toll on 529 College Accounts 2020-05-29T04:00:00Z The tax deduction for charitable donations is a $3-billion state loss. Column: California gives too many unchecked tax breaks. It's time to shine a light on them 2020-05-25T04:00:00Z Because Louisiana links tax deductions to federal income taxes, the drop in federal tax liabilities meant Louisiana taxpayers and businesses owed more to the state. Louisiana governor, lawmakers at odds over surplus spending 2020-05-18T04:00:00Z His arts proposal includes $10.5 billion in relief grants, expanded Small Business Administration loan opportunities, boosting the charitable tax deduction to incentivize giving and granting nonprofits a payroll tax holiday. House Dems drafting new 'multitrillion-dollar' coronavirus relief bill 2020-05-06T04:00:00Z He also said liability protections for businesses that are reopening and a business tax deduction for restaurant and entertainment expenses should be in the mix. Trump outlines wish list as Congress mulls more coronavirus relief 2020-05-05T04:00:00Z "It's essentially a giveaway of public funds to private corporations — ones that already benefit from massive amounts of public funding, plus monopoly rights, plus subsidies and tax deductions — with no conditions," Brown said. Big Pharma's blindspot: Before COVID-19, vaccine and antiviral research went neglected 2020-04-25T04:00:00Z To jump-start the economy again, Mr. Trump is also advocating moves including a payroll tax cut and restoring tax deductions for business meals and entertainment. Coronavirus pandemic, rescue bills lead to deepening federal deficit 2020-04-12T04:00:00Z In fact, in California and across the U.S., low-income renters receive far less than homeowners, who can take a tax deduction for interest paid on their mortgages. Affordable housing can cost $1 million in California. Coronavirus could make it worse 2020-04-09T04:00:00Z Trump has called on Congress to revive the tax deduction for business-related expenses on meals and entertainment, arguing it would help bolster high-end restaurants hammered by the outbreak. Trump uses coronavirus crisis to push his broader agenda 2020-04-05T04:00:00Z Trump is seizing on the pandemic crisis to push for an item on his economic wish list: full tax deductions for business meals in restaurants and for other entertainment expenses. Boost the schmooze? Trump wants tax dining deduction back 2020-04-03T04:00:00Z Puck apparently got him to agree to restore the tax deduction for business meals. Not an April Fool: This humiliating failure is actually our president during a national crisis 2020-04-01T04:00:00Z He said he is directing his Cabinet to look into restoring a tax deduction for corporate entertainment and restaurant meals. Corporate executives play an outsize role at Trump’s coronavirus briefings 2020-03-30T04:00:00Z Lawmakers are also considering changes to income tax deductions that would increase revenue. Georgia House seeks $1,000 teacher raise, not Kemp’s $2,000 2020-03-09T04:00:00Z And consider, for example, tax deductions for child care. The Tax Code Is Overtaxed 2020-03-06T05:00:00Z But eliminating tax deductions would greatly increase tax revenue, and most of it would come from wealthy individuals and large corporations. Opinion | A simpler alternative to a wealth tax 2020-03-06T05:00:00Z “Because U.S. taxation — I do a huge amount of charity work, so I get tax deductions. So my tax rate is lower than my secretary’s.” Bernie Sanders and Elizabeth Warren want a wealth tax. Wealthy Swiss say their model could work for America. 2020-03-02T05:00:00Z “And then we’ll get an appraisal and get a tax deduction for the value of the donation.” Minnesota home renovators reap rewards of reuse, recycling 2020-02-29T05:00:00Z Mr. Buttigieg wants to expand the child and earned income tax credits and repeal a new cap on state and local tax deductions that was part of the 2017 GOP tax-cut law. Elizabeth Warren wants to legalize marijuana nationwide 2020-02-27T05:00:00Z The new cap on state and local tax deductions limited the benefits for some of the very rich. ‘Promises kept’ mantra doesn’t always match Trump’s reality 2020-02-23T05:00:00Z Like BlackRock, you’d get a tax deduction equal to the value of the shares you donated and wouldn’t owe any tax on the difference between your cost and the shares’ value on Donation Day. Why one company’s tax move seems shady but isn’t 2020-02-20T05:00:00Z In contrast, with a traditional I.R.A., investors get a tax deduction now, but pay taxes when the money is withdrawn. The Young Person’s Guide to Investing 2020-02-10T05:00:00Z “Just putting art on the wall in a building you own does not rise to the standard of a tax deduction.” Inside the Marciano Art Foundation's spectacular shutdown 2020-02-16T05:00:00Z And the mortgage-interest tax deduction is one way to boost this mission. Perspective | Tax code isn’t neutral on race, researchers find 2020-01-31T05:00:00Z These programs exist in the form of tax credits: Individuals and companies donate in exchange for tax deductions. Two major banks pull support from Florida school voucher programs because of anti-LGBTQ policies 2020-01-30T05:00:00Z Still, he is effectively paying it to himself — and allowing himself to take a tax deduction. Harry and Meghan’s Big Funding Source Is Private. Sort of. 2020-01-26T05:00:00Z Indeed, the Revenue Act of 1917 established an individual income tax deduction for financial contributions made to charitable organizations. Column: You can deduct charitable donations. Why no tax benefit for volunteering? 2020-01-24T05:00:00Z That projection, made by an appraiser hired by the promoters, produced a tax deduction of about $39.7 million. The IRS tried to crack down on rich people using an “abusive” tax deduction. It hasn’t gone so well 2020-01-10T05:00:00Z You got tax deductions on the money you contributed to your IRA over the years, and the earnings were allowed to grow tax deferred. This retiree got a big surprise: taxes 2020-01-05T05:00:00Z In addition, the bill would permanently increase from $250 to $500 the tax deduction for teachers buying school supplies and index the deduction for inflation. How your U.S. lawmaker voted 2019-12-21T05:00:00Z If your state offers a tax deduction for contributions to a 529 plan, even better. Perspective | Seven money moves you can actually make before the end of the year 2019-12-17T05:00:00Z Employees also enter information about dependents and tax deductions to fine-tune withholdings. Check Out the New W-4 Tax Withholding Form. Really. 2019-12-13T05:00:00Z Contributions to traditional I.R.A.s may also provide a tax deduction, as long as you meet the income limits and other rules. Last Tax Season Was a Mess. Now’s Time to Prepare for This One. 2019-12-06T05:00:00Z In 1986, facing a Reagan administration proposal to repeal state and local tax deductions on federal returns, Mr. Kriegel galvanized the New York opposition that helped scuttle it. Jay Kriegel, a ‘New York City Patriot,’ Is Dead at 79 2019-12-05T05:00:00Z That allows people to claim a tax deduction if they donate money to the paper. Publisher says he’s hearing interest in nonprofit turn 2019-11-29T05:00:00Z For most folks, it probably rates somewhere between researching tax deductions and discussing life insurance. Editorials from around Pennsylvania 2019-11-13T05:00:00Z New Jersey voters agreed to a ballot question to let veterans living in retirement communities get a $250 property tax deduction. The Latest: Voters approve tax deduction for some veterans 2019-11-06T05:00:00Z There were also local races and a statewide ballot question to decide if veterans residing in retirement communities should get a $250 property tax deduction. The Latest: Polls closed in New Jersey’s Assembly election 2019-11-05T05:00:00Z A number of local races and a statewide ballot question on whether veterans living in retirement communities should get a $250 property tax deduction are also on the ballot. Polls open as NJ voters elect all 80 Assembly members 2019-11-05T05:00:00Z Corporations would lose trillions of dollars of tax deductions they are currently eligible to claim, and firms that move their profits abroad would be targeted with substantial new levies. Elizabeth Warren outlines $20-trillion 'Medicare for all' plan at pivotal point in the campaign 2019-11-01T04:00:00Z But in January, Pratt and other lawyers wrote at the Florida Bar Journal that many New Yorkers were fleeing to Florida in “large part” because of Trump’s repeal of the state and local tax deduction. President Trump changes residence to Florida “primarily for tax purposes”: report 2019-11-01T04:00:00Z Capping state and local property tax deductions: Voting 43-52, the Senate on Oct. How Your U.S. Lawmaker Voted 2019-10-26T04:00:00Z On the writer’s side, employment status makes it harder to take tax deductions for home offices, travel and equipment. Column: Freelancers fear California's new gig worker law will wipe them out 2019-10-25T04:00:00Z Mr. McConnell said the Senate did not eliminate the state and local tax deduction, but simply capped it for higher earners. McConnell slams Democrats’ effort to undermine Republican tax reform 2019-10-23T04:00:00Z Because Louisiana links tax deductions to federal income taxes, the drop in federal tax liabilities means Louisiana taxpayers and businesses owed more to the state. Accounting done, Louisiana surplus has precise figure: $535M 2019-10-18T04:00:00Z There is still a tax deduction for charitable giving on the U.S. tax return, but many millions fewer people now itemize their deductions because the tax reform doubled the standard deduction. Your Money: Charitable granting soars even as tax changes transform giving 2019-10-16T04:00:00Z “Members are paid more than average — but the job requires 2 residences and we can’t take tax deductions for work costs,” she tweeted at the time. Self-declared socialist AOC splurges on high-dollar hairdo 2019-10-09T04:00:00Z I no longer itemize, so I don’t get the benefit of the tax deduction for the interest. If long-term care insurance costs too much, you have a choice to make 2019-10-06T04:00:00Z Last year, limits were placed on local, state and property tax deductions that disproportionately affect high-cost markets like New York. It’s Now a Buyers’ Market in Manhattan Real Estate 2019-10-02T04:00:00Z The property owner benefits from the federal income tax deduction for the value of the easement. Can preservation easements increase property values? 2019-09-22T04:00:00Z Louisiana has tied some of its tax deductions to federal income taxes. Louisiana economist: Trump tax changes driving $500M surplus 2019-09-25T04:00:00Z It’s complicated by tax law; presumably, the donor has already taken a tax deduction and the money is legally in the public trust. Epstein’s donations to universities reveal a painful truth about philanthropy 2019-09-04T04:00:00Z Answer: It never made much sense to keep a mortgage just for the tax deduction. If long-term care insurance costs too much, you have a choice to make 2019-10-06T04:00:00Z The funds have often already been spent, and the tax deductions already taken by donors. How An Élite University Research Center Concealed Its Relationship with Jeffrey Epstein 2019-09-07T04:00:00Z Stop corporations from receiving any tax deduction for executive pay unless the percent raise received by top executives matches the percent raise received by average employees. Robert Reich: The 5-step CEO pay scam 2019-08-23T04:00:00Z That could mean any unusual tax deductions might play a role in how voters in the first states to select candidates — Iowa, New Hampshire and South Carolina — weigh the merits of the Democratic hopefuls. Trump’s tax returns required under new California election law 2019-07-30T04:00:00Z Connecticut, New Jersey and New York are suing the Trump administration over an IRS rule that weakens the states’ attempts to work around a cap on state and local tax deductions. 3 states sue Trump administration over tax workaround 2019-07-17T04:00:00Z Her plan also calls for revoking a tax deduction for prescription drug advertising. Sen. Kamala Harris, 2020 presidential contender, vows to reduce cost of prescription drugs 2019-07-16T04:00:00Z In between, there are lots of tax deductions, ranging from legitimate capital investments to more arbitrary deductions like the accelerated depreciation of assets. America needs to see Amazon’s tax returns 2019-07-01T04:00:00Z The measure he signed Monday targets tax deductions businesses claim when they move. Evers signs bill targeting businesses moving out of state 2019-06-24T04:00:00Z Following a high-profile fight in 1973 over a tax deduction taken by President Nixon, the practice of releasing the information became largely routine. Trump’s tax returns required under new California election law 2019-07-30T04:00:00Z Whether you paid too much or the market collapsed, it’s a personal loss and you get no tax deduction. A real estate deal that should have raised red flags at the IRS 2019-06-24T04:00:00Z The tax plan slashed corporate tax rates, and some individual ones, but it also stopped millions of Americans from qualifying for the charitable tax deduction. Donations to charity dropped last year despite a strong economy. Was the tax law to blame? 2019-06-18T04:00:00Z The Treasury Department issued final rules Tuesday that would clamp down on taxpayers trying to circumvent a new cap on state and local tax deductions. Treasury limits state and local tax cap workarounds 2019-06-11T04:00:00Z Senate Republicans later proposed a tax deduction instead of a special rate for income from pass-through businesses. National Federation of Independent Business, NFIB, loses its clout in Washington, D.C. 2019-06-10T04:00:00Z Contrast this level of spending with the $130bn in annual tax expenditures attributed to tax deductions for mortgage interest payments and property taxes, which disproportionately benefit high-income home owners. To thrive, American children need a stronger safety net | Melissa S Kearney 2019-06-05T04:00:00Z Middleton told the IRS that the sale price, tax deduction and other amounts in his complaint were “all set forth in spreadsheets and PowerPoint documents prepared by Oxbow’s tax department.” A real estate deal that should have raised red flags at the IRS 2019-06-24T04:00:00Z The case sheds light on the limitations of a popular charitable vehicle the Fairbairns used, known as a donor-advised fund, which disburses money over time but offers an immediate tax deduction. Lawsuit Could Cool a Fast-Growing Way of Giving to Charities 2019-05-31T04:00:00Z There are some exceptions for dollar-for-dollar state tax deductions and for tax credits in which a taxpayer gets a credit worth less than 15% of their donation. Treasury limits state and local tax cap workarounds 2019-06-11T04:00:00Z While New York and other states challenge the constitutionality of the state and local tax deduction cap on constitutional grounds in federal court, their budgets are getting whipsawed. U.S. states cheer April income tax deluge but analysts urge caution 2019-05-21T04:00:00Z From next year, landlords will only be able to claim tax deductions for losses from their property investments if the properties are new. Policy differences at stake in Australian federal election 2019-05-17T04:00:00Z Like our federal government, Massachusetts does not allow tax deductions for losses on personal residences. A real estate deal that should have raised red flags at the IRS 2019-06-24T04:00:00Z Because that sponsor is considered a public charity in its own right, donors get the tax deduction when they donate to the fund. Lawsuit Could Cool a Fast-Growing Way of Giving to Charities 2019-05-31T04:00:00Z "There is no free lunch," he said, adding that proposals like eliminating mortgage-interest tax deductions and hiking the capital gains tax will hurt small businesses and some in the middle class. DeVore: 'Tax the rich' proposals by Warren, Sanders force GOP to defend unpopular interests 2019-05-10T04:00:00Z In addition, the bill includes provisions for alimony, child support and even income tax deductions for fetuses, declaring that “the full value of a child begins at the point when a detectable human heartbeat exists.” Opponents of Georgia abortion ban promise court challenge 2019-05-08T04:00:00Z The bill also deals with alimony, child support and even income tax deductions for fetuses, declaring that “the full value of a child begins at the point when a detectable human heartbeat exists”. Georgia governor signs bill to ban abortion after six weeks 2019-05-07T04:00:00Z Consider that you probably got a tax deduction when you contributed to the IRA, which means you didn’t pay income taxes on that money. Here’s a big tax mistake you can easily avoid 2019-05-05T04:00:00Z Still, the tax deduction is always greater if the donation goes to a public charity, like a university, hospital or, yes, a donor-advised fund, Ms. Snow said. Lawsuit Could Cool a Fast-Growing Way of Giving to Charities 2019-05-31T04:00:00Z The Pinaults said on Wednesday that they would not seek a tax deduction for their contribution, and Mr. Arnault said on Thursday that he and his family were not eligible for one. France Debates How to Rebuild Notre-Dame, Weighing History and Modernity 2019-04-18T04:00:00Z Typically, the French government allows corporations a 60 percent tax deduction on donations made in the realm of culture. Billionaires raced to pledge money to rebuild Notre Dame. Then came the backlash. 2019-04-18T04:00:00Z The legislation would also create tax deductions for French citizens who contribute less than €1,000 to the reconstruction effort. Millions in Notre-Dame Donations Pour In as France Focuses on Rebuilding 2019-04-17T04:00:00Z The Pinault family then announced that they would seek no tax deduction at all for the gift. As Rich Lavish Cash on Notre-Dame, Many Ask: What About the Needy? 2019-04-17T04:00:00Z The presumption, he said, is that once the donation is made and the tax deduction is received, the money belongs to the fund, not the donor. Lawsuit Could Cool a Fast-Growing Way of Giving to Charities 2019-05-31T04:00:00Z Charitable donations benefit from a 60 percent tax deduction in France, which prompted immediate suggestions by critics that Pinault, Arnault and the others were being less magnanimous than initially appeared. As Notre-Dame money rolls in, some eyebrows raised over rush of funds 2019-04-17T04:00:00Z Consequently, the central government was able to raise the threshold below which no income tax is paid and to add a tax deduction for parental elder care. The most serious threat to emerging economies is a US recession | Barry Eichengreen 2019-04-11T04:00:00Z The cap on state and local tax deductions affects only those who itemize their returns, which in the past accounted for 27% of filers, according to the IRS. New York, high-tax states see exodus of wealthy Americans 2019-04-10T04:00:00Z It may seem tantalizing to use this tax deduction as a way to get a free plane, but it’s not that simple. Dream of Owning a Plane? This Tax Break Can Help 2019-04-05T04:00:00Z Mrs. Fairbairn said she was concerned not about the loss of a tax deduction but about the loss in the donation’s value after the shares were sold. Lawsuit Could Cool a Fast-Growing Way of Giving to Charities 2019-05-31T04:00:00Z Moore said he was billed $75,000 after mistakenly claiming a tax deduction for child support payments, which were not eligible for deduction. Democrats seek financial records from Trump Fed pick after Guardian report 2019-04-03T04:00:00Z Prosecutors say many parents claimed tax deductions for themselves. Parents could face tax charges, big fines in admissions scam 2019-04-02T04:00:00Z Moody’s, a financial analysis firm, concluded this week that the limit on state and local tax deductions “isn’t causing people to flee New York.” New York, high-tax states see exodus of wealthy Americans 2019-04-10T04:00:00Z But as enticing the tax deduction is for some enthusiasts, others balk at the I.R.S. restrictions. Dream of Owning a Plane? This Tax Break Can Help 2019-04-05T04:00:00Z Moore disputes the government’s claim and blames confusion over tax deductions relating to his child support and alimony payments. Trump Fed pick was held in contempt for failing to pay ex-wife over $300,000 2019-03-30T04:00:00Z The loss of the mortgage interest and state and local tax deductions has made owning a home less affordable for some homeowners, but the impact hasn’t been noticeable so far. The Washington-area housing market in 2018: A good year, not a great one 2019-03-27T04:00:00Z The plan calls for capping voucher enrollment in 2021 and eliminating an income tax deduction for private school tuition. Report: Voucher, charter schools consume $193m in state aid 2019-03-28T04:00:00Z Allowances are based on your anticipated tax deductions such as mortgage interest, charitable gifts or deductible medical expenses. Perspective | What to do right now to improve your 2019 tax return 2019-03-26T04:00:00Z For a tax system that is based on dollar amounts, across a country with a wide variation in cost of living, the only leveler was the state and local tax deduction. Opinion | Readers critique The Post: India’s socialist past, R.I.P. Bryce and a bad malaprop 2019-03-15T04:00:00Z Because they were writing checks — or in at least one case, transferring stock in Facebook — to a charity, parents were able to write off their payments to Singer as tax deductions, authorities said. Former Oakland teacher files $500-billion lawsuit in college admissions cheating scandal 2019-03-15T04:00:00Z The scheme allowed the parents to claim tax deductions for themselves. Charity masked web of fraudulent college donations, feds say 2019-03-13T04:00:00Z Because they were writing checks or, in at least one case transferring stock in Facebook, to a charity, parents were able to write off their payments to Singer as tax deductions, Lelling said. How the largest college admissions fraud ever let wealthy parents cheat the system 2019-03-13T04:00:00Z Other options include deluxe, which helps maximize tax deductions and credits. Best tax software to use in 2019 2019-03-09T05:00:00Z The homestead tax deduction allows homeowners to avoid paying residential real estate taxes on the first $74,850 in assessed value for their primary residence. Tax break for D.C. homeowners hits hurdle at the D.C. Council 2019-03-05T05:00:00Z Claiming tax deductions for private jets when so many people can’t afford daycare is an example of a rigged system. Anand Giridharadas: 'What wealthy people do is rig the discourse' 2019-02-28T05:00:00Z The new limit on the state and local tax deduction will hit nearly 11 million taxpayers nationwide this year, according to a report by a Treasury Department inspector general. Limit on state and local tax deduction will hit 11 million taxpayers, Treasury finds 2019-02-27T05:00:00Z Last year’s changes to the tax code meant that millions of American taxpayers no longer qualified for the charitable tax deduction. ‘Definitely bad news’: New study finds charitable giving grew a sluggish 1.6% last year 2019-02-26T05:00:00Z South Korea, the most robotized country in the world, instituted a robot tax of sorts in 2018 when it reduced the tax deduction on business investments in automation. Don’t Fight the Robots. Tax Them. 2019-02-23T05:00:00Z The wealthy reap the most benefits from the state and local tax deduction. Refunds are down this year in another blow to the GOP tax bill 2019-02-23T05:00:00Z At the same time, certain tax deductions vanished, and many folks are just starting to realize how that affected their refund amount, as well. Perspective | Tax-refund recipients respond to critics: ‘Stop shaming me’ 2019-02-19T05:00:00Z For now, though, the focus is on the state and local tax deduction. The state and local tax deduction cap probably isn’t going away — despite Trump’s comments 2019-02-16T05:00:00Z Gone are the personal deductions average people rely on so much and limited are the state and local tax deductions. Opinion | The GOP tax ‘reform’ is a tax scam 2019-02-15T05:00:00Z “We have heard reports of many instances of shorted pay and inconsistent tax deductions that left workers unable to make mortgage or rent payments,” the letter says. Cummings, Connolly and Wexton seek answers about workers’ back pay after shutdown 2019-02-12T05:00:00Z The government also opposes Labor plans to reduce tax deductions for landlords as property prices moderate in Australia’s largest cities. Australian prime minister warns of recession risk after vote 2019-01-28T05:00:00Z We’re less enamored of the governor’s continuing penchant for aiming tax deductions at problems and declaring them addressed. Opinion | Larry Hogan begins a new term with an old ploy: Aiming tax breaks at problems 2019-01-19T05:00:00Z Republicans argue the state and local tax deduction is mostly used by the wealthy and is unfair to residents in lower-tax states. The state and local tax deduction cap probably isn’t going away — despite Trump’s comments 2019-02-16T05:00:00Z Treasury on Friday released final regulations for a tax deduction of up to 20 percent for U.S. businesses organized as "pass-through entities," under President Trump's 2017 overhaul of the tax system. Walmart, CVS end prescription-drug impasse 2019-01-18T05:00:00Z Worse, U.S. donors enjoy tax deductions for their contributions to the hostel. Perspective | Your tax dollars are propping up the intellectual heirs to an Israeli terrorist 2019-01-10T05:00:00Z Roberts says the two main factors in the cash-flow problem are taxpayers underwithholding from paychecks and the elimination of a type of tax deduction for high earners. Tax official: Idaho has a $350 million cash-flow problem 2019-01-10T05:00:00Z There would be howls of protest from the relatively prosperous minority that still takes advantage of itemized tax deductions. Opinion | A Democrat is proposing a dubious tax idea — and it’s not Alexandria Ocasio-Cortez 2019-01-07T05:00:00Z President Trump again indicated this week he might be open to revisiting the controversial new limit on state and local tax deductions that hits many middle-income residents hard in California and other high-tax, Democratic states. The state and local tax deduction cap probably isn’t going away — despite Trump’s comments 2019-02-16T05:00:00Z Eliminating deductions such the state and local tax deduction and mortgage interest deduction, which are regressive and distortionary, would be the more efficient way to reduce the deficit without raising marginal tax rates. Fiscal responsibility? Forget GOP austerity: Here are some ideas that might actually help 2018-12-27T05:00:00Z Other strategies are aimed at sidestepping new limits in the law, including the cap on state and local tax deductions. Want to cut your tax bill? Keep reading and then call your CPA 2018-12-23T05:00:00Z The tax law capped state and local tax deductions but didn’t touch capital-gains rates—a combination that raised the combined federal and state tax rate for many top earners. Many States See Strong Revenue 2018-12-13T05:00:00Z Eliminating all tax deductions would raise $1.3 trillion over the next decade, according to the Congressional Budget Office, almost twice as much as her proposal would. Opinion | A Democrat is proposing a dubious tax idea — and it’s not Alexandria Ocasio-Cortez 2019-01-07T05:00:00Z The limit on state and local tax deductions was highly unpopular in California, New York and New Jersey. The state and local tax deduction cap probably isn’t going away — despite Trump’s comments 2019-02-16T05:00:00Z One way to blunt the bias in favor of giving by the wealthy would be to do away with the charitable tax deduction altogether. Perspective | Plutocratic politics and the age of gilded giving 2018-11-30T05:00:00Z If you qualify, the size of the tax deduction depends on your income and whether you or your spouse is covered by a retirement plan at work. Do these 5 things by Dec. 31 to cut your tax bill 2018-11-21T05:00:00Z But being the president of a nonprofit conferred legitimacy on him, helping to raise his profile in Washington even as it allowed the group’s backers to claim tax deductions. Conservative nonprofit with obscure roots, undisclosed funders paid Whitaker $1.2 million 2018-11-20T05:00:00Z House Republicans suffered heavy Election Day losses in districts where large concentrations of taxpayers claim a popular tax break — the state and local tax deduction — which the law capped at $10,000 per household. Did a Tax Increase Tucked Into Trump’s Tax Cut Come Back to Bite Republicans? 2018-11-19T05:00:00Z He said he’ll lead an effort to fully restore state and local tax deductions that were limited by the 2017 tax cuts, an unpopular result in high-tax states such as New Jersey. Donald Trump middle-class tax cut disappears from conversation 2018-11-19T05:00:00Z He was the sole Republican from New Jersey to vote in favor of the tax bill, which was unpopular in tax-weary New Jersey because it capped state and local tax deductions at $10,000. N.J. Democrat Defeats Trump Ally, Leaving the State With Just 1 Republican in Congress 2018-11-14T05:00:00Z He also vowed to fight to roll back the limits on state and local tax deductions that were included in the tax bill that MacArthur backed. Obamacare repeal architect Tom MacArthur defeated by former Obama adviser 2018-11-16T05:00:00Z The migration also is driven by the Republicans’ tax overhaul, which, among other provisions, capped the state and local tax deduction to $10,000. The new boomtowns: Why more people are relocating to ‘secondary’ cities 2018-11-07T05:00:00Z What it would mean for you: When they began to rewrite the tax code last year, Republicans’ opening gambit was to do away with tax deductions for medical expenses. Washington Gridlock? Maybe Not on These Personal Finance Issues 2018-11-09T05:00:00Z In May legislation banning the practice was proposed in the House of Representatives, and suggested that lawmakers should receive tax deductions for their living expenses while in Washington. Millennial congresswoman 'can't afford rent' 2018-11-09T05:00:00Z The Hill notes that both lawmakers represent affluent suburban districts where residents tended to claim the state and local tax deduction, which was severely limited by the tax bill. 12 Republicans who helped write the tax bill won’t be back next year 2018-11-07T05:00:00Z She focused on rolling back the 2017 federal tax overhaul’s cap on state and local tax deductions and stressed her support for health care for everyone. NJ gets bluer: Democrats pick up 3 seats, Menendez holds on 2018-11-07T05:00:00Z They passed a tax-cut bill that many initially touted but which could cost Republican seats in suburban areas because it limited real estate tax deductions that are popular in upper-middle-class enclaves. Anxiety high in campaign’s final days as voters prepare to render judgment on Trumpism 2018-11-03T04:00:00Z Do I get a tax deduction for the money I contribute to a 529 plan? State 529 College Savings Plans Are Cutting Fees, New Analysis Finds 2018-11-02T04:00:00Z The tax overhaul reverses that arrangement, denying the tax deduction to alimony payers while making alimony tax-free to those who receive it. Want a divorce? Then do it right now or pay a much bigger tax bill - Los Angeles Times 2018-11-02T04:00:00Z It also reduced income tax rates at all levels, while changing the structure of many tax deductions. Trump proposes tax cut; GOP lawmakers privately skeptical 2018-10-22T04:00:00Z Over the weekend, the government published a draft of new rules for personal tax deductions, according to Reuters. China stocks see biggest spike since 2015 2018-10-22T04:00:00Z The government also published a draft version of new rules for tax deductions available to individuals. Asia shares rally as China surges on stimulus hopes 2018-10-22T04:00:00Z There is no federal tax deduction for 529 contributions, but you may receive a deduction on your state tax return, depending on where you live. State 529 College Savings Plans Are Cutting Fees, New Analysis Finds 2018-11-02T04:00:00Z He also wants to reinstall the state and local tax deduction, known as SALT, that was eliminated in the GOP tax law. What the Democrats plan to do if they take over the House 2018-10-17T04:00:00Z After years of sluggish sales, potential buyers at the show are looking closely at new aircraft models with longer ranges and technology for smoother rides, while weighing the advantage of recent U.S. tax deductions. Gulfstream expects market growth in 2019 on new business jets:... 2018-10-17T04:00:00Z Mr. Kushner’s father appears to have benefited from the same tax deductions, the documents indicate. Kushner Paid No Federal Income Tax for Years, Documents Suggest 2018-10-13T04:00:00Z “It’s fantastic. You get tax deductions for things you don’t pay for.” Kushner paid almost no taxes for years, documents show 2018-10-13T04:00:00Z Thirty-four states and the District of Columbia offer tax deductions or credits to participating residents. State 529 College Savings Plans Are Cutting Fees, New Analysis Finds 2018-11-02T04:00:00Z This meant they got bigger income tax deductions than were lawful. We need a tax police. And it should go after the likes of Donald Trump | David Cay Johnston 2018-10-13T04:00:00Z He notes he was among just 12 House Republicans to oppose the Trump-backed tax reform act, which limits local and state tax deductions that are popular in New Jersey. Special Report: The Trump trap - Republicans duck president in key... 2018-10-05T04:00:00Z “It’s fantastic. You get tax deductions for things you don’t pay for.” Kushner Paid No Federal Income Tax for Years, Documents Suggest 2018-10-13T04:00:00Z Kushner’s father appears to have benefited from the same tax deductions, the documents indicate. Kushner paid almost no taxes for years, documents show 2018-10-13T04:00:00Z “The state and local tax deduction was slated to be zero, but I successfully preserved the deduction,” he said in a statement. Trump Tax Law Is Back to Haunt House Republicans in Key Races 2018-10-04T04:00:00Z Records indicate that Mr. Trump helped his father take improper tax deductions worth millions more. Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father 2018-10-02T04:00:00Z Records indicate that Trump helped his father take improper tax deductions worth millions more. Trump engaged in suspect tax schemes as he reaped riches from father 2018-10-02T04:00:00Z And Mr. O’Donnell said Mr. Maloney did not fight to save the full state and local tax deduction, which was capped at $10,000 under President Trump’s signature Tax Cuts and Jobs Act. He Wanted to Go to Albany. He’ll Settle for Washington. 2018-09-23T04:00:00Z Those who will receive spousal support also have an incentive, because judges are expected to start awarding smaller spousal support payments next year as the lost tax deduction shrinks what high earners can afford. New tax law prompting flood of accelerated divorces as Dec. 31 deadline looms 2018-09-24T04:00:00Z My research indicates that using tax deductions to supply essential public services, such as education and housing assistance, may be a misuse of this privilege because it has the potential to undermine democratic control. One big problem with how Jeff Bezos spends his fortune 2018-09-22T04:00:00Z Rather, it’s because the income they report to the IRS is lower than their actual earnings before tax deductions for expenses. Mortgage fraud by wannabe home buyers is on the rise. And you can blame the Internet for it. 2018-09-18T04:00:00Z Of all Fred Trump’s properties, Patio Gardens was one of the least profitable, which may be why he decided to use it as a tax deduction. Trump engaged in suspect tax schemes as he reaped riches from father 2018-10-02T04:00:00Z |
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