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Angela Alsobrooks Improperly Claimed Tax Deductions on Properties

Prince George's County Mayor Angela Alsobrooks reportedly improperly claimed tax deductions on two properties in Maryland and Washington, DC, saving her thousands of dollars. Reviewed by CNN Found Alsobrooks, who is running for U.S. Senate in Maryland against former Governor Larry Hogan (R-Md.), had improperly claimed residential property tax exemptions for his home in northeast […]

Trump Vows to Reinstate State and Local Tax Deductions

President Donald Trump appealed to New York voters, promising to reinstate the state and local tax (SALT) deduction if he is re-elected president. in post On Truth Social, the former president Rally Speaking at the Nassau Veterans Memorial Coliseum in Uniondale, New York on Wednesday, Trump said he would “turn New York around” and asked […]

House, Senate tax chiefs announce deal on business deductions, low-income credits

Congress' top tax officials announced an agreement Tuesday morning that would strengthen the Child Tax Credit (CTC) and reinstate a business deduction stripped away as part of the 2017 Tax Cuts and Jobs Act to pay for lower corporate tax rates. The CTC expansion would increase the maximum loan amount per child from $1,600 to […]