by usoftax_admin | Apr 10, 2025 | Tax News
Part of a man’s $35,000 settlement payment from a Massachusetts town following his claim that he was hurt during his arrest and incarceration on charges of domestic assault is deductible as damages paid for physical injuries, the U.S. Tax Court said... by usoftax_admin | Apr 10, 2025 | Tax News
Residents of certain states who earn income in Minnesota for fewer than 30 days in a tax year would be exempt from filing income tax returns in the state under legislation advanced Thursday by a state House panel. by usoftax_admin | Apr 10, 2025 | Tax News
President Donald Trump could look to prioritize and coordinate tech investments with countries approaching the U.S. to strike a deal to avoid higher tariff rates currently suspended, Trump’s pick to lead international trade at the U.S. Department of Commerce... by usoftax_admin | Apr 10, 2025 | Tax News
President Donald Trump’s pick for assistant Treasury secretary for tax policy defended the use of a favorable way to determine how much it would cost to make the 2017 Tax Cuts and Jobs Act permanent, saying Thursday it was consistent with the scoring of other... by usoftax_admin | Apr 10, 2025 | Tax News
Maine would exempt business personal property from tax if it is valued at less than $50,000 under a bill introduced Thursday in the state Senate. by usoftax_admin | Apr 10, 2025 | Tax News
Florida Gov. Ron DeSantis on Thursday criticized a sales tax rate cut bill recently passed by the state’s House of Representatives, saying he prefers targeted sales tax holidays and property tax relief over a broad sales tax reduction that would apply to...