For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...
As 2025 winds down I thought that it would be a good time to remind everyone of the need to make their local estimated tax payments by the Jan. 15 deadline and to try and explain this complex portion ...
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Photo by Eric Lee/Bloomberg via ...
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