• 		<p>Capital loss rules dictate that if you make a legitimate loan to someone with an official note, even if it’s your brother-in-law, you can write the money off if you don’t get paid back, up to $3,000 a year with a maximum of $10,000 total. Caveat: “If

    The Devil Is in the Details: Differences That Could Doom the Tax Bill

    By Michael Rainey

    The House and Senate tax plans have much in common, but there are significant differences as well, any number of which could become flash points when the chambers seek to reconcile their versions of...

  • 10 Senators Who Could Determine the Fate of GOP Tax Plan

    The House passed its version of the Tax Cuts and Jobs Act to much fanfare on Thursday, and the Senate Finance Committee followed suit several hours later, setting up a vote on the legislation by the...

  • Senate Majority Leader Senator Mitch McConnell (R-KY) attends a news conference following party policy lunch meeting at the U.S. Capitol in Washington. REUTERS/Carlos Barria

    The Tax Battle Shifts to the Senate

    By David Morgan and Amanda Becker, Reuters

    Congressional Republicans took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980s, with the House of Representatives approving a broad package of tax cuts, and a...

  • U.S. Senator Jeff Flake (R-AZ) talks to reporters as he arrives for the weekly Republican party caucus luncheon at the U.S. Capitol in Washington, U.S. October 31, 2017.  REUTERS/Jonathan Ernst

    Major US Tax Cuts Not Likely This Year, Economists Say

    By Indradip Ghosh and Rahul Karunakar, Reuters

    BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that...

  • Brady Ryan GOP Tax Plan

    House Passes Major Tax Overhaul Bill

    By David Morgan and Amanda Becker, Reuters

    The U.S. House of Representatives approved a broad package of tax cuts affecting businesses, individuals and families on Thursday, moving Republicans and President Donald Trump an important step...

  • The Biggest Tax Cut in History? Not Even Close

    By David Morgan and Amanda Becker and Damon Darlin, Reuters

    President Donald Trump repeatedly says his proposed tax cut would be the biggest in U.S. history, but it will not even come close to the record. Trump would be on target if he were talking only about...

  • Republicans Slash Tax Rates in New Bill

    By David Morgan and Amanda Becker, Reuters

    President Donald Trump’s drive for the deep tax cuts that he promised as a candidate reached a major milestone on Thursday, with his fellow Republicans in the House of Representatives unveiling long-...

  • Trump speaks during a tax reform meeting at the White House in Washington

    Trump Throws an Obamacare Curveball into the Tax Debate

    By Michael Rainey

    As House Republicans scrambled to finish drafting their tax bill, President Trump tossed a new issue into the debate, tweeting his support for including the repeal of the Obamacare individual mandate...

  • FILE PHOTO: Speaker of the House Paul Ryan (R-WI) speaks during a press briefing on Capitol Hill in Washington

    Tax Scramble, with a Side of Hurry Up

    By Michael Rainey

    All is flux, said the great Greek philosopher Heraclitus, and House Republicans seem to be doing their best to prove him right as they struggle to complete their tax bill. Delivery of an initial...

  • Will the Tax Bill Hurt the Housing Market?

    The National Association of Home Builders, the powerful housing industry lobbying group, came out strongly against the Republican tax plan over the weekend after being told that the legislation would...

Taxes Directory

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