A gap of almost $250 exists between the states reaping the highest per person benefit from the mortgage interest deduction and those with the lowest such figure, according to a Congressional Research Service report highlighting the tax break’s uneven distribution.
A judge’s decision throwing out Virginia’s ban on gay marriage as a violation of the U.S. Constitution extends to seven the win streak for proponents of same-sex unions racing to get back to the U.S. Supreme Court.
Virginia’s ban on gay marriage was ruled unconstitutional by a federal judge who said it violated the equal-protection rights of the state’s residents including couples married legally in other states.
European swap-trading platforms won a reprieve from Dodd-Frank Act rules in a deal that puts U.S. and European authorities on a path toward sharing oversight of most of the $693 trillion global market.
Kentucky was ordered by a federal judge to recognize same-sex marriages made in other states as similar challenges were filed in Louisiana and Missouri, escalating litigation over gay rights in courts nationwide.
The U.S. Internal Revenue Service lacks the authority to regulate paid tax preparers, a federal appeals panel said, upholding a lower-court ruling that threw out licensing rules for as many as 700,000 practitioners.
The U.S. Internal Revenue Service lacks authority to regulate paid tax preparers, a federal appeals panel said, upholding a lower-court ruling throwing out licensing rules for as many as 700,000 practitioners.