Tax breaks

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including expanding the state and local tax deduction.

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire.

The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.

The president's 2025 budget proposal aims to deliver more services, middle-class tax breaks and price controls funded through higher taxes on the wealthy and corporations.

The measure now heads to the Senate where lackluster Republican support threatens to sink it.

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.

That Rothko, Basquiat or Banksy hanging in the front hall may be a great way to get a tax break.