Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...

Real estate investors in the U.S., especially those who invest in short-term rental properties, received a gift when the ...

The sprawling new tax law includes a number of provisions that present opportunities for accountants and tax professionals to ...

The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable income. Under the One Big Beautiful Bill Act, signed into law by President ...

The Second Circuit rejected arguments by several States who challenged updated regulations that would prohibit many of SALT ...

While this deduction primarily impacts homeowners and high-income taxpayers in states with higher taxes, changes to the SALT cap can also have ripple effects on inheritance planning. If you’re set to ...

President Donald Trump's One Big Beautiful Bill Act (OBBBA) is his administration's signature legislation during his second ...

The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

After plenty of negotiations and narrowly passed votes, H.R. 1 (previously known as “One Big Beautiful Bill Act”), the ...

Roughly 2.3 million Pennsylvania retirees are expected to benefit from a new federal deduction that exempts most Social ...

Trump’s spending bill includes cuts to Medicaid, food assistance and more. But it also increases a federal tax credit that ...

The higher cap in the Big Beautiful Bill looks like good news, Ross Atefi, founder of Yatra Wealth Design, warns that for ...