Samantha Handler

2 months ago | warren.senate.gov | Laura Weiss |Samantha Handler

President Donald Trump dealt Senate Republicans a blow Wednesday in the seemingly never-ending struggle over how to move his agenda on Capitol Hill. Trump sided with the House GOP’s reconciliation roadmap right as the Senate began floor consideration of its own plan. However Congress decides to package top GOP priorities — one bill, two bills — Senate Republicans are gearing up for an arguably more consequential fight on the substance of the legislation.

Oct 15, 2024 | news.bloombergtax.com | Samantha Handler

The housing and real estate industry is eyeing the 2025 tax fight as an opportunity to modify what was once a prized tax break: the mortgage interest deduction. The ability to deduct mortgage interest payments had long been a key perk to home ownership. But the 2017 tax law watered down the deduction by limiting it to the first $750,000 in principal value, down from $1 million, as well as making it less desirable because of a higher standard deduction.

Oct 2, 2024 | news.bloombergtax.com | Samantha Handler

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

Oct 2, 2024 | news.bloomberglaw.com | Samantha Handler

ERC Delays Pay Off, IRS SaysDelays in processing claims in the problem-plagued employee retention tax credit program will actually save money for the government, the IRS insists. The pandemic-era employee retention credit has been a thorn in the agency’s side for over a year now, as staff has been dealing with a flood of claims. Congress created the credit four years ago to help struggling businesses keep employees on the payroll, but some started claiming the credit when they didn’t qualify.

Sep 30, 2024 | news.bloombergtax.com | Chris Cioffi |Samantha Handler

Common policy fights—deficit spending, the size of individual and family tax credits, and how to encourage business investment—will be back in 2025 tax overhaul talks, but finding balance to satisfy all sides could be more complicated than ever, a former GOP tax writer said. Rates for income, capital gains, and estate taxes were among the big focuses during the fiscal cliff clash in 2012.