Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

President Trump acknowledged he’s “not allowed” to run for a third term, praising his poll numbers and naming GOP alternatives like Marco Rubio and J.D. Vance, but he has repeatedly discussed the idea ...

The One Big Beautiful Bill (OBBB), enacted July 4, 2025, introduces a highly publicized provision exempting certain tips from federal income ...

Seniors 65+ often save more with the high Standard Deduction + $6k OBBBA bonus, making itemizing (and the SALT deduction) ...

Section 179 lets you deduct the full purchase price of qualifying business equipment bought and put into use during the year. No slow, multi-year depreciation schedules. Just one big, clean, ...

Comerica reports that the One Big Beautiful Bill ensures 100% bonus depreciation for qualifying assets starting Jan. 19, 2025 ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

New House bill changes standard deduction for seniors over 65. On the campaign trail, President Donald Trump pledged to eliminate federal income taxes on Social Security benefits for seniors. However, ...

The increased SALT deduction cap under the One Big Beautiful Bill Act provides a powerful tool for tax and estate planning, particularly through the use of non-grantor trusts. By strategically ...

Rights and obligations of an agreement pursuant to which the taxpayer paid a “break fee” terminating a proposed merger were in the nature of services, the court held, denying the IRS’s ...