The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

Tax-loss harvesting can be a good strategy to use in a volatile stock market, helping you take advantage of any losses you ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

Tax loss harvesting reduces taxable income by offsetting losses against capital gains. Losses in excess can lower taxable income by $3,000 yearly, with indefinite carryover. Wash sale rules ...

A new report by Goldman Sachs finds that while larger tax cuts will yield a bigger growth boost, the drag on economic growth ...

There’s also a potential to save on your tax bill when using savings to offset your mortgage. While savings interest is subject to income tax, there’s no tax to pay on the interest saved on ...

But Mr. Trump’s approach is to unilaterally raise American tariffs on imports from Europe to offset the benefits that European exporters receive from the continent’s value-added tax system.

This credit prevents double taxation by allowing individuals and businesses to offset U.S. tax liability with taxes already paid to another country. The credit applies to income taxes, but not to ...