New York fund manager Andrew Beer got an unsolicited email offer a few months ago that sounded too good to be true -- join other investors to buy 276 acres of land in Mississippi, promise never to develop it, and get whopping tax deductions of as much as five times the amount invested.

Rep. Tom Suozzi (D-N.Y.) is among lawmakers from high-tax states who want to repeal the $10,000 cap on deductions for state and local taxes paid. Individuals in Democratic states like New York and California have seen their tax bills go up as a result of the cap, which was part of the 2017 tax law.

Former U.S. Rep. Corrine Brown (D-Fla.) is entitled to a new trial on fraud and tax charges, because the trial judge abused his discretion in removing a juror who said he received divine guidance on the case, the Eleventh Circuit said Thursday.

Massachusetts is extending tax deferrals for hotels and restaurants into the fall because of the continuing impact of the Covid-19 pandemic on the service industry, according to an emergency regulation issued Thursday by the Department of Revenue.

Lawmakers and the administration are looking to build on federal tax credits supporting families that were expanded for 2021 under the American Rescue Plan (Public Law 117-2).

New York tax authorities have started auditing 2020 income tax returns filed by nonresidents with jobs that are tied to the state but have been done from elsewhere during the pandemic.

President Joe Biden traveled to Louisiana on Thursday to garner support for his $2.3 trillion infrastructure plan, speaking in front of a dilapidated bridge that both Republicans and Democrats have pledged to rebuild.