Lower-income taxpayers will be able to deduct contributions for the first time, but there are new limits on higher-income taxpayers’ deductions.
Policy experts say the benefits of the “pass-through” deduction, part of the 2017 tax law, mostly help wealthy business owners.
Alimony payments will no longer be tax deductible for divorces finalized after Jan. 1.
Marketplace Wealth and Poverty reporter Shereen Marisol Meraji takes a look at how the charitable tax deduction has changed over time and why some think lowering it could benefit the middle class.
If you're answer is: "For the tax breaks, of course!" you might be offered less of an incentive in the near future….
