Though the House and Senate have voted to repeal the deduction for state income taxes in GOP tax overhaul plans, House Republicans from California are seeking to have it preserved in the final tax bill. WSJ.com: What’s News US
Tag: deduction
Why the state and local tax deduction actually makes the system fairer
Thomson Reuters A major component of the previous tax proposal was not in the legislation that finally became law: the elimination of the deduction for state and local taxes. Differences in taxes paid by people with similar incomes but living different states is caused by the fact that many of the low-tax states are able to “export” much of […]
Red-Badged Tax Deduction: First 2017 Honda Civic Type R Goes to Auction
–––––––––––––––— Car and Driver BlogCar and Driver Blog
Red-Badged Tax Deduction: First 2017 Honda Civic Type R Goes to Auction
– After years of clamoring, the Honda fanboys and fangirls of America will finally be able to get their hands on a Civic Type R. And this new one is not to be taken lightly. The hatchback-only, manual-only, anime-aero 2017 Civic Type R took the front-wheel-drive production car lap record at the Nürburgring in April […]
The Shame of the Mortgage-Interest Deduction
It might be one of the most important policies in the U.S. economy, but the mortgage-interest deduction sounds esoteric to most people. Perhaps that’s because, for most people, it’s completely irrelevant. Although about two-thirds of American households own a home, only one-quarter of them claim the deduction, which sometimes gets abbreviated to MID. As Matthew […]
Mythos Tales: Probe Arkham’s darkest doings in this Lovecraft deduction game
Enlarge (credit: 8th Summit) Welcome to Ars Cardboard, our weekend look at tabletop games! Check out our complete board gaming coverage at cardboard.arstechnica.com—and let us know what you think. You’re just an ordinary 1930s inhabitant of the ordinary town of Arkham, Massachusetts—a plain New England place where nothing unusual ever happens. Well, except for that one […]
Tax deduction for fertility treatments expanded, made retroactive for 10 years
Many Canadians who have undergone fertility treatments or turned to assisted reproductive technologies over the past 10 years are now eligible for a tax deduction as a result of Finance Minister Bill Morneau’s new budget. CBC | Health News