Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...
President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.
Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.
The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...
Democratic Gov. Katie Hobbs vetoed a tax plan proposed by GOP lawmakers that would have aligned with the federal tax code.
I know you’re upset,” Giebelhaus told the crowd. “I am too. I’m probably the most upset person in the room. It’s my job to take your slings and arrows … I’m the town supervisor.” But no slings and ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for being ...
The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...
Page from the Aztec codex Matrícula de Tributos(History and Art Collection/Alamy Stock Photo) Before the Spanish arrived in 1519, the highest officials of the Aztec Empire could count on the provinces ...
Federal tax bills on most student loan forgiveness will return in 2026, ending a five-year window of tax-free relief and raising the risk of a student loan tax bomb for borrowers whose balances are ...