President Trump is facing scrutiny for tax deductions that millions of Americans use, or would like to. This week the New York Times published an extensive analysis of Mr. Trump’s taxes after obtaining many years of his tax returns. The Times hasn’t published the returns because it says it wants to protect its sources, making it hard to analyze the report with certainty. Mr. Trump disputed the report, but he has repeatedly declined to release specific information about his taxes, unlike his opponents and predecessors. Tax professionals say that several of Mr. Trump’s reported deductions—especially paying family members and making personal use of business assets, and sometimes grooming expenses—raise issues they see in preparing returns for clients with far less wealth than the president’s.

Source: Wall Street Journal September 30, 2020 12:22 UTC