Kevin O'Leary dubs the reconciliation bill as a "big, ugly piece" of legislation, putting a new provision that gives the IRS ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...

The Finnish government has again rejected civil servant proposals to cut direct business subsidies, choosing instead to ...

EUR/USD rises further to near 1.1350 as the US Dollar remains under pressure due to Moody’s downgrade to the US credit rating ...

As tax time approaches, the spotlight on deduction claims is once again front and centre. While the ATO continues to remind taxpayers of the importance of accuracy and eligibility, these examples ...

The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

The Senate unexpectedly passed the No Tax on Tips Act in a unanimous vote Tuesday, giving weight to the prospect of ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

The B-SALT deduction is thus necessary and appropriate in a tax system for which the base is income minus costs. But there is some Republican support in Congress for eliminating or limiting the B ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

The extra income partially offsets the lessee’s tax deduction of the lease payments and is intended to approximate the squeeze on buyers from the cap on depreciation. Note that you don’t add ...