House Speaker Kevin McCarthy (R-CA) and President Biden recently agreed to cut back on some of the increased IRS funding enacted through last year’s Inflation...

About one year ago, the US Supreme Court struck down the constitutional right to abortion in Dobbs v. Jackson Women’s Health Organization . Since then,...

The recent compromise between Republicans and Democrats on extending the federal debt limit was hailed for avoiding the disaster of a default, demonstrating that both...

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...