As the annual tax season unfolds in Portugal, many taxpayers may be tempted to view the filing of their IRS return as a mere ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

Capital Gains Tax : SB 5813 creates a new capital gains tax top bracket of 9.9% for gains in excess of $1 million, ...

The new tax reform proposed by Donald Trump, known as the 'One Big Beautiful Bill,' promises tax cuts. However, the reality is more nuanced. This reform aims to extend and modify the 2017 Tax Cuts and ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

Trump's "no tax on tips" pledge from his 2024 campaign is inching closer to reality. Here's a look at what's in the provision ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

On May 13, the House Ways and Means Committee voted to approve a $3.8 trillion tax bill that would make permanent much of the ...

The tip deduction could boost tipped workers' take-home pay by an average of $1,675, according to the White House's Council of Economic Advisors. Eligible overtime workers would get a tax cut between ...

Tax cut extensions, more breaks for business owners and a bigger cap on SALT deductions are among the big changes.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...