A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a “senior bonus” that would ease the tax burden on older adults — although it would not end ...

A balance sheet is often referred to as a "statement of financial condition" or a "statement of financial position." It is issued by a business or entity along with other financial statements ...

Balance-sheet balances carry over from one period to the next. So the ending cash balance from last year will become the beginning cash balance this year. Throughout the year, transactions will ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Carlo Versano is a Newsweek politics editor based in New York. He has in-depth knowledge and experience covering a range of topics and stories over a 20-year career in the news business. Carlo ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at $10,000 for ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and local tax (SALT) deduction cap could be the tallest to surmount.

The U.S. Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000. This bill, if enacted into law, would also extend to business tax credits for payroll taxes on ...

It's got a new name for all of this too: Google Beam. And it's probably not going to be cheap. HP will reveal more details in a few weeks.

The plan, part of Trump’s “One Big Beautiful Bill,” includes a $4,000 annual tax deduction for seniors aged 65 and older. To qualify, single seniors must have a modified adjusted gross ...

Google’s barrier-breaking Project Starline is stepping aside to make way for Google’s next phase – Google Beam. The new 3D communication platform is one step closer to becoming a real ...