Cities and states will have to rethink their budgets because of tax revenue loss.
Most online sales were exempt — until the justices said they weren't.
The 2017 tax reform law put a cap on how much state and local taxes Americans can deduct on their federal tax returns. Now states are beginning to feel the pinch of reduced tax revenue because many people are moving away from high-tax jurisdictions. The situation is so bad in the northeast where tax rates […]
Women voters are thinking beyond their own wallets when heading to polls this November.
It's about your taxes.
What’s that old saying? You’ve got to spend money to make money? The U.S. Department of Transportation is trying a variant on that when it comes to funding road and bridge improvements. It’s tripled the amount of money in what’s known as the BUILD Transportation Discretionary Grant program to $1.5 billion. But part of the criteria for state […]
California and New Jersey are exploring the use of charitable contributions to offset taxes.
Local politicians worry that eliminating state and local tax deductions could send the rich packing.
Not everyone thinks automatic deductions for state and federal taxes are a good idea.