tax deductions

Mar 24, 2026
A bigger SALT deduction is leading to bigger tax refunds for higher-income taxpayers
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But the larger deduction will cost $140 billion over the next 10 years.
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Feb 23, 2026
New tax deduction could benefit car buyers, boost auto sales
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Buyers of new vehicles assembled in the U.S. could boost their tax refunds by hundreds of dollars through a new tax deduction for auto loan interest.
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May 24, 2024
Tax breaks are popular. They also cost the federal government more than $1 trillion a year.
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In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
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Nov 18, 2020
Paycheck Protection Program loan recipients face a new challenge: Taxes
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As the year draws to a close, small business owners are starting to figure out their tax liabilities for 2020. That’s complicated for businesses that got Paycheck Protection Program loans.
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Feb 18, 2020
Charitable giving dips in the wake of tax law changes
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The Urban-Brookings Tax Policy Center says only about 10% of households now have an incentive to donate.
Jan 11, 2018
With the tax bill signed, a fight with hard-hit states begins
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California and New Jersey are exploring the use of charitable contributions to offset taxes.
Dec 18, 2017
Want to make a charitable contribution to your state?
Many people spend many dollars trying to get out of their tax bills by finding loopholes and workarounds. Well, it’s very likely that states are going to be doing the same thing in a year or two. The intent is to lower the burden on their own residents who can no longer deduct as many […]
Nov 20, 2017
Why the House tax plan has students worried
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The revised House tax plan eliminates deductions for tuition and interest paid on student loans and other higher education credits to help pay for tax cuts.
Nov 13, 2017
Trying to follow the competing GOP tax bills? We’re confused, too.
As congressional Republicans keep grinding away on their tax bill, the question is: which tax bill? The full House is planning to vote on its bill this week. The Senate Finance Committee started work on its bill today, and President Donald Trump tweeted several suggestions, including a provision to repeal the Obamacare individual mandate. There’s […]
Nov 6, 2017
How the GOP tax plan changes the alimony equation
The Republican tax plan would change alimony from something that is treated favorably for the people who have to pay it to something that is more of a tax burden. That’s because alimony payments would no longer be deductible from income on the payer’s tax return. The change could make divorce settlements more difficult to […]