SALT Talks Stall as GOP Mulls Limiting Tax Break to Middle Class
Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.
U.S. manufacturers increasingly alarmed by rising recession risks are pressing the Fed to lower interest rates as tariff uncertainty continues.
Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.
President Trump now appears to be a no on nascent GOP plans to consider letting tax cuts on some of the richest Americans expire.
Tax policy discussions intensifying in D.C., with significant implications for high-net-worth individuals, business owners, and financial advisors.
In 2020 a select group of affluent households demonstrated keen financial maneuver: earning substantial income while incurring zero tax liability.
Fewer people have filed their returns this year, the IRS reports. Also, Tax refunds remain markedly smaller than the same time a year ago.