Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...
The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...
The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...
The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
As Senate Republicans debate trillions of tax breaks advanced by the House, some business owners could be blocked from part of the proposed windfall, policy experts say. Stream Los Angeles News for ...
Forbes contributors publish independent expert analyses and insights. Kristin McKenna, President, Darrow Wealth Management in Boston, MA The first quarter of a new year typically means focusing on tax ...
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