Case: Taxpayers Not Entitled to Deductions for Business Expenses or Losses (T.C. Memo)
Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...
Do you itemize tax deductions? Here are 4 surprising deductions that could save you thousands
From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.
Expand Deduction for Service Businesses, CPA Group Asks Congress
The American Institute of CPAs is asking the Congressional tax-writing committees to broaden a deduction used by partnerships ...
California schools still fall behind despite big increases in spending
Many California students still languish in math and reading, a study shows. But Compton students bucked the trend.
How Trump’s drastic K-12 plans will — and won’t — change California schools
Trump wants to change education on several fronts, but it’s not clear yet how that will play out in California.
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New York State Income Tax Rates and Brackets (2024-2025)
New York state has nine income tax rates, ranging from 4% to 10.9%. Tax credits and deductions, filing status and residency status can influence what you pay. Many, or all, of the products ...