taxes

WASHINGTON - House Democrats voted to lift a $10,000 limit on state and local tax deductions, known as SALT, repealing a deduction limit Republicans had imposed as part of their 2017 tax code overhaul. The bill, H.R.5377 , which was... Read More

WASHINGTON  — The 2nd U.S. Circuit Court of Appeals on Tuesday ruled Congress is entitled to review President Donald Trump's banking records as it investigates possible foreign influence in U.S. elections, violations of the emoluments clause and other issues. The... Read More

WASHINGTON - Four states are appealing a federal judge’s September dismissal of their lawsuit challenging federal authority to limit state and local tax deductions. In a filing before the 2nd U.S. Circuit Court of Appeals, attorneys for the states argue... Read More

WASHINGTON —  Chief Justice John Roberts on Monday imposed an indefinite delay in the House of Representatives’ demand for President Donald Trump’s financial records. Roberts’ order Monday provides no hint about how the Supreme Court ultimately will resolve the dispute.... Read More

WASHINGTON — A U.S. appeals court in Washington denied President Donald Trump’s request that it reconsider an earlier three-judge panel ruling refusing to quash a demand by House Democrats for records at Trump’s accountants Mazars USA LLP. Congress issued the... Read More

NEW YORK — President Donald Trump’s accounting firm was ordered by a federal court to turn over his tax filings and other financial records to New York state prosecutors, though the president won a last-minute delay pending an emergency appeal.... Read More

NEW YORK — President Donald Trump sued his own accounting firm and Manhattan District Attorney Cy Vance Thursday, seeking to prevent the prosecutor from getting his hands on eight years of tax returns. The suit was filed in Manhattan Federal... Read More

SACRAMENTO, Calif. — A federal judge ordered a temporary injunction Thursday against California’s first-in-the-nation law requiring candidates to disclose their tax returns for a spot on the presidential primary ballot, an early victory for President Donald Trump but a decision... Read More

WASHINGTON — Democrats on the House Ways and Means Committee will soon hold “at least a full-throttle discussion” about their concerns with the $10,000 cap on state and local income tax deductions that was part of the 2017 tax code... Read More

WASHINGTON — The House Ways and Means Committee said it had received “credible allegations” from a federal employee of potentially “inappropriate efforts to influence” the IRS’ mandatory audit of presidential tax returns. References to the unexplained allegations were in a... Read More

WASHINGTON - California Governor Gavin Newsom signed a law Tuesday that would require President Trump -- or any other candidate -- to disclose their tax returns in order to appear on California's primary ballot. The law, which was introduced by... Read More

WASHINGTON - President Donald Trump sued the House Ways and Means Committee and New York State's attorney general and tax commission in a bid to block them from sharing his state tax returns. In a federal lawsuit filed in Washington,... Read More