Deductions for mortgage interest and charitable giving would end up meaning little for many people.
Economic policy expert Austan Goolsbee shared his view that reckless tax cutting could actually hamstring GDP growth.
Using tax reform to lower 401(k) tax deductibility is "politically dumb," says Chris Edwards, Cato Institute director of tax studies.
CNBC's Robert Frank reports on the Republicans' tax reform plan, including a potential elimination of state and local tax deductions.
Don't be fooled by these common retirement myths about Medicare, spending, and taxes.
Like everything involving the U.S. tax code, tax reformers' goal of eliminating loopholes will be far from simple.
The GOP tax framework unveiled this week would give the biggest windfall to the richest Americans, according to a tax policy watchdog.
Here's why the wealthiest Americans will see the biggest benefits from any tax cuts.
Eric Cantor, former House Majority Leader, discusses House Speaker Paul Ryan's statement on tax reform and whether the Republicans' proposed tax-reform deal can pass.
The GOP plan says most deductions, exemptions and credits will disappear.
U.S. taxpayers awaiting details of President Donald Trump's ambitious tax reform plan Wednesday were left with more questions than answers.
When preparing to file taxes, focus on what you know and can control. Don't worry about any changes to tax law until they actually occur.
Between charities and crowdfunding sites, there's no shortage of ways to support storm victims.
If the storm unleashes catastrophic damage, the need for donations will be urgent.
If a tax overhaul includes generous increases in the standard deduction, use of the mortgage deduction would drop, one expert says.
Hundreds of thousands of people are expected to need aid.
CNBC Senior Contributor Larry Kudlow discusses how likely it is we’ll see some action on taxes when Congress returns from recess.
A look at nine reasons why a Roth individual retirement account is a fantastic investment vehicle for most savers.
Despite facing September deadlines to increase the debt ceiling and pass a new Federal budget, Republican Congressional leaders have made it clear tax reform will be their legislative priority when they return from their August recess.
Lawmakers will focus on tax legislation soon, yet specifics of their plan remain unclear.