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 ...

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 ...

If anything, remember you’ll make tax payments more frequently than you file tax returns. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

A small group of Republicans is threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties. By Andrew Duehren Reporting from Capitol Hill ...

COLUMBUS, Ohio -- Sen. Andrew Brenner wants to create a new system for funding Ohio’s public schools. The Delaware County Republican unveiled Senate Bill 93 Tuesday, which would replace all local ...