Sales taxes or local taxes? Deciding which to deduct is not quite as simple as it seems. You charge away on your credit card to rack up frequent flier miles, only to find out youcan't use them because ...

My firm and I have been on the very front edge talking about tax reform, keeping you updated on the progress and content of the bill as it made its way through Congress, and then, after its passage, ...

Arithmetic: Deduction cap means Romney's math adds up, tax group says Despite withering criticism from Democrats, it appears Mitt Romney's tax math does indeed add up. At least, that's the verdict ...

(Bloomberg News) Republican presidential nominee Mitt Romney's latest income tax cut proposal would be able to pay for itself by placing a cap on individual deductions, according to the Tax Foundation ...

Over its nearly 100-year history, the charitable deduction has become one of the most time-tested provisions in the Internal Revenue Code. But it has also been a perennial target by people on both ...

Mitt Romney finally offered up some details yesterday about tax reform, spefically how he would limit tax deductions and broaden the tax base in order to afford the lower tax rates he is proposing.

New car loan interest deduction lets buyers write off up to $10,000—but the real winners may be automakers, not middle-class ...

There was a time -- not too long ago, in fact -- when American mathematicians were the world's best, leading the way in unlocking the secrets to the universe. Fast forward to present day, however, and ...

This year, the standard deduction may very well be the standard approach for more taxpayers. Recent changes in the tax law have shifted the calculus on when it makes sense to itemize deductions and ...