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A service for finance industry professionals · Friday, January 3, 2025 · 773,778,438 Articles · 3+ Million Readers
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Tax Policy Center News Monitoring

  • Published on 02:02 GMT

    Consumer Alert: What New Yorkers need to know about tax changes in 2025

    ROCHESTER, N.Y. — A significant tax change could be on the horizon, and it’s causing concern among taxpayers and accountants alike. News10NBC’s Deanna Dewberry spoke with a prominent local CPA, who emphasized the importance of congressional decisions this …

    Source: WHEC 10 - New York - Neutral
  • Published on Jan 2, 2025

    Will the limits on state and local tax deductions finally be ended in 2025? Trump says yes

    WASHINGTON — Finally, the long-sought lifting of the cap on state and local tax deductions seems to have the support it needs in Congress. “I am confident we will get it done,” said Rep. Mike Lawler, R-New York, a leader in the battle to end the $10,000 …

    Source: The Columbian - Washington State - Neutral
  • Published on Jan 2, 2025

    The new Congress convenes on Friday. Here's what it means to Pa.

    WASHINGTON (TNS) — Where have we seen this before? Just as he did in when he first was elected president in 2016, Donald Trump prepares to take office with Republicans in control of both houses of Congress. The first GOP trifecta lasted two years, during …

    Source: The Bradford Era - Pennsylvania - Uncategorized
  • Published on Dec 31, 2024

    IRS silence allows investors to exploit ETF loophole, study finds

    Institutional investors are harvesting ETF losses for tax purposes, then placing their assets in highly correlated funds — regardless of so-called wash-sale restrictions, a new study found. In theory, IRS guidelines prohibit investors from buying " …

    Source: Financial Planning - Label Pending
  • Published on Dec 27, 2024

    The 2025 economy: 5 things to watch

    The economy is in good shape heading into 2025. Inflation is coming down, growth is brisk, and the job market has remained surprisingly resilient. Now economists are focused on the next big question: How long can this last? The answer, they say, hinges on …

    Source: The Spokesman-Review - Washington State - Neutral
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