The American, who made a splash earlier this season taking gold medals on the World Cup series, claimed the continental title ...

Trump’s proposed ‘bonus deduction’ in the One Big Beautiful Bill Act faces Senate pushback over deficit and social program ...

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 ...

As Donald Trump pushes new tax cuts, experts warn of long-term risks to Social Security. Here’s how his policies could reshape benefits and the future of retirement.

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 ...

The 2025 expiration of key tax cuts threatens American farms with billions in new taxes, risking jobs, food supply, and rural ...

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.