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If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out ...
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.
Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...
The bill would initially reduce the state's top income tax, and consolidate six income tax brackets into three.
Tipped workers across the country could soon see part of their paycheck go tax-free—if Congress finalizes a proposal to eliminate federal income taxes on tips.
Tax filing deadline looms for one group of U.S. taxpayers -- those who are U.S. citizens or resident aliens now working or ...
Oklahoma legislators are debating an income tax cut amid budget uncertainties. Despite financial unknowns, including potential federal funding cuts, some lawmakers support a 0.25% income tax ...
The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.
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