Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) ...

A small band of GOP members representing districts in blue states wants to raise the limit on federal tax deductions for ...

A new bipartisan bill could mean bigger retirement tax savings to offset taxes on Social Security and high prices.

Post-tax deductions are taken out after taxes have been applied, meaning they don’t impact the taxable income but still affect a person’s net pay. Here are some that appear on paychecks.

And now, several Republican lawmakers have said they won’t support ... “Any tax bill that does not fix the cap on SALT will not have my vote.” Remember: Any changes to the SALT deduction ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your tax due closer to $0. Once you owe nothing, it can't keep going and increase ...

The university also indirectly benefits from the tax deduction that its donors receive from making contributions. In the 2024 fiscal year, Harvard reported that it had collected more than $525 ...

Tax deductions reduce your taxable income, while tax credits directly lower your tax bill dollar for dollar. Refundable credits can result in a refund if they exceed your tax bill, while ...