Oregon law requires employers to provide employees with itemized wage statements on regular paydays. Such statements must ...

Step 1: Use the IRS Sales Tax Deduction Calculator or the IRS sales tax tables in Schedule A. Step 2: Compare your sales tax estimate to your income tax payments.

Sony Interactive Entertainment's Bend Studio has laid off 30 percent of staff today, according to Bloomberg's Jason Schreier. This would be around 40 people let go.

How tax deduction works A tax deduction doesn’t directly reduce your tax. What it does is reduce your taxable income. If your total income is $110,000 and you have $5,000 in tax deductions, your ...

For 2025, the standard deduction is $15,000 for single filers and $30,000 for married couples filing jointly. These could increase under the House-proposed tax bill.

There’s currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. As part of President Donald Trump's tax package, House Republicans on Thursday passed a SALT ...

The deduction cap would be limited to taxpayers making below $500,000, with the income cap and deduction growing 1% every year over a ten-year window in the tentative new deal.

Before a meeting with Republican lawmakers on May 20, Trump reversed his past position, now saying he does not support an even higher cap on the SALT deduction. "We don't want to benefit Democrat ...

What’s happening in 2025 regarding SALT deductions? Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to end after 2025, unless Congress decides ...

A key tax deduction is tripling under a new proposal in Congress, but it’s not enough for some Republicans, threatening President Donald Trump’s legislative agenda. The House Ways and Means ...

The answer to this question comes down to the math, too — generally, you will want to "take the standard deduction when it's larger than your itemized deductions," said Ramsey Solutions.