Recently, the Internal Revenue Service ("IRS") has successfully asserted that limited partners in private equity and hedge funds that are organized ...

The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...

On May 28th, the U.S. Tax Court issued a decision in Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52) holding that all of the ...

The self-employed individual has to pay the employee and employer share, though you can claim half your payment as an income tax deduction. You might assume it's obvious whether you're self ...

As a self-employed writer, you can make deductions for any purchases that directly affect your ability to conduct business. If you bought a computer on which to write, it is tax deductible.

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax ...

House Republicans are now signaling they plan to gut a substantial part of the Inflation Reduction Act’s clean energy tax credits—including those for electric vehicles, wind, solar, hydrogen, and even ...

House Republicans are working to finalize a budget on President Donald Trump's agenda by next week, but competing demands over state and local taxes could delay its passage. House Republicans are ...

The partnerships then claimed a charitable contribution tax deduction based on the inflated value of the conservation easement, resulting in a fake tax deduction flowing to the wealthy clients who ...