President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on Social Security benefits.

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

Tax season can feel like a maze, and it’s easy to miss out on valuable deductions that could put more money back in your ...

The wrangling imperils Republicans’ goal of sending the “Big, Beautiful Bill” to Trump’s desk by July 4. But the real deadline is sometime in August or September, when the Treasury Department ...

An analysis of the budget bill backed by Congressional Republicans and President Donald Trump shows it would also cut ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP’s tax bill.

Ironically, the increase in the SALT deduction is a policy Senate Democrats have long demanded, but it’s the truest “tax cut for the rich” in the bill. Most taxpayers do not itemize their ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.

Do I get a deduction ... list medical expenses. If Schedule A is greater than the standard deduction, use Schedule A. Richard Rysiewski, a certified financial planner, welcomes all questions on ...