In recent years, businesses have been able to fully deduct expenses related to research and development (R&D) in the year the investment was made (often...

House Republican plans to temporarily raise the standard deduction and restore more generous business tax deductions would result in modest tax cuts for most households...

Ohio’s House and Senate are debating the details of a tax cut, but both houses support plans to cut individual income tax rates and reduce...

Preliminary IRS data on the 2023 tax filing season illustrates that the agency has recovered from pandemic disruptions, with a calmer tax season thanks to...

Could A Boost In The Standard Deduction Kill The Mortgage And Charitable Deductions? The House Ways & Means Committee may be about to approve a...

Representatives Nicole Malliotakis (R-NY) and Michelle Steel (R-CA) have introduced the Working Families Tax Cut Act to increase the standard deduction – which would increase...

A major property tax cut proposal for seniors has New Jersey’s legislative leaders at odds with the governor as the state tries to wrap up...

We still have some time before an artificial intelligence (AI) tool like ChatGPT can prepare our taxes, as my TPC colleague Robert Weinberger reminds us...

Now that Congress has passed the Fiscal Responsibility Act (FRA) of 2023 , it isn’t too soon to start thinking about the mess lawmakers have...

What policymakers give, policymakers can take away. Nine months after Congress enacted President Biden’s proposal to boost the Internal Revenue Service’s 10-year budget by $80...