A new tax provision could help you save money by donating this Giving Tuesday. A special tax law change made in 2020 will allow taxpayers to deduct up to $300 for cash donations made to qualifying ...
Picture this. You've worked your entire life, paid your taxes faithfully, and now that you're approaching or enjoying ...
OBBBA generally maintains the current individual income tax brackets set by the TCJA, ensuring no increase in the marginal rates. Thus, 37% remains the highest rate for ordinary income and 20% for ...
On July 4, 2025,, the One Big Beautiful Bill Act (OBBBA) became law. The Act itself was almost 1,000 pages. It made many of the provisions of the 2017 Tax Cuts and Jobs Act permanent and included new ...
Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill. The lawmakers acted after a request by Treasury Secretary Scott Bessent ...