There are early disagreements over even how to pass big bills, let alone what to put in them.

Frank Schuler was a leading promoter of a tax deduction derided as a scam by prosecutors, senators and the IRS. Now he’s a senior adviser to the General Services Administration, which manages the fede...

WSWA Letter Highlights Importance of Tax Deduction for Job Creation and Community Investment

This tax-deductible money move can help individuals lower their tax bills while growing their retirement savings.

New tax relief on the horizon, as attending arts events could be tax deductible in the Federal Coalition's entertainment expenses policy.

President Donald Trump spoke to a rally crowd at the Iowa State Fair on Thursday night, but CNN fact-checker Daniel Dale said there were several fibs. Spea

Victims of Hurricanes Helene and Milton could get a tax deduction for losses. Here's how to qualify.

A new federal law signed on September 18, 2026, extends the Educator Expense Deduction to preschool teachers and child care workers for the first time, allowing them to claim tax write-offs for out-of-pocket classroom supply purchases when filing their 2026 tax returns. The bipartisan legislation, known as the Supporting Early-Childhood Educators' Deductions (SEED) Act, was authored by Senator Susan Collins of Maine and Senator Michael Bennet of Colorado and amends the Internal Revenue Code to include early childhood education programs alongside K-12 schools. Previously, only kindergarten through 12th grade teachers could deduct up to $350 in unreimbursed classroom expenses such as books, crayons, and other teaching materials. This exclusion created an inequity where preschool educators working in the same buildings as K-12 teachers could not access the same tax benefit despite facing similar out-of-pocket costs. According to data from the Buffett Early Childhood Institute, approximately 95% of early educators spend their own money on classroom supplies, averaging nearly $200 annually, with those in home-based programs and lower-income households spending the most. The legislation addresses a workforce crisis in early childhood education, where median hourly wages hover around $14 and annual turnover rates reach 19% in some areas. By recognizing early educators in the federal tax code, Congress aims to provide modest financial relief and acknowledge the essential role these workers play in child development and school readiness. The deduction applies to expenses paid or incurred in taxable years beginning after December 31, 2025, making it available for the 2026 tax year and beyond.

A menu of options being circulated by congressional Republicans also includes new tax cuts for corporations and the ultrawealthy.

ALT: HSV Baseball Catcher: Hard Work!!

Apprentices are entitled to a tax deduction while on maternity leave because they normally retain their apprenticeship contract, KVF reports. TAKS reviewed the issue last year in cooperation with the Vocational Education Centre. The centre said that training companies and apprentices usually agre…

The IRS just updated its overtime tax rules for 2026.