Discover how the 'One Big Beautiful Bill Act' can help you save big on your next car purchase. Learn about eligibility criteria, potential savings, and how to navigate this temporary tax deduction ...

Many retirees are surprised to learn that their Social Security benefits may be subject to federal income tax. Understanding how this taxation is calculated can significantly impact the amount of ...

Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...

The Social Security Administration lied about the GOP budget bill in a message to beneficiaries. Can we trust anything it ...

Financial adviser Devin Carroll got right to work over the Fourth of July weekend assessing his clients' tax obligations after the Republican megabill was signed. The professional software he uses to ...

As a result, the new $6,000 deduction is stacked on top of both the regular standard deduction — $15,750 for single filers or ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

Knowing your taxable income helps you make smarter choices about deductions, retirement contributions and how much tax to withhold. It can also prevent surprises at tax time. If your finances are more ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.