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.

Real estate owners looking to sell their homes in the future may be able to avoid paying the federal capital gains tax if newly-introduced legislation passes.

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it's up to taxpayers to see if they can take ...

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...

The ordinance comes months after Memphis Mayor Paul Memphis Mayor Paouln Young proposed dedicating some revenue to areas ...