ABA: Allow banks to serve as trustees for initial Trump accounts
The IRS should allow all banks to serve as trustees of initial Trump accounts for children rather than just rollover ...
Tag: Tax credits
Oregon adopts tax credit to spur de novo bank formation
Oregon has adopted a new tax incentive in an effort to end a nearly two-decade drought in de novo bank ...
IRS proposes regulations to implement Trump Accounts
The IRS issued proposed regulations for opening “Trump Accounts” for children and regarding a pilot program for contributing to the ...
ABA testifies on improving auto loan tax deduction implementation
Banks will be pivotal for the success of a new tax deduction for certain automobile purchases, so the IRS should ...
IRS releases interim guidance on ACRE Act tax benefit
The IRS issued interim guidance for a new tax benefit for lenders serving rural and agricultural communities, which was included ...
FHFA raises caps for Fannie, Freddie rental housing investments
FHFA will increase the amount that Fannie Mae and Freddie Mac can invest in Low-Income Housing Tax Credit properties from ...
ABA, state associations support tax provisions in budget bill
Provisions welcomed by ABA and the state associations include a narrow version of the ACRE Act and a permanent Section ...
ABA announces support for several provisions in budget reconciliation tax package
ABA strongly supports several provisions in the federal budget reconciliation tax package, including language to make permanent the Section 199A ...
ABA, associations urge lawmakers to preserve pass-through business deduction
ABA joined the S Corporation Association and more than 230 associations in support of legislation to make permanent the Section ...
Coalition seeks restoration of mortgage insurance premium tax deduction
ABA joined a coalition of business and advocacy groups in urging lawmakers to restore a now-defunct federal tax deduction for ...
