Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

Recent SALT deduction rule changes may result in higher tax bills for some high earners, particularly in high-tax states. Taxpayers should review the updates carefully to avoid surprises.

Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single ...

The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on ...

Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise ...

The Social Security Administration lied about the GOP budget bill in a message to beneficiaries. Can we trust anything it ...

The ‘One Big Beautiful Bill Act’ includes a new $10,000 auto loan interest deduction, but eligibility rules may limit who ...

As a result, the new $6,000 deduction is stacked on top of both the regular standard deduction — $15,750 for single filers or ...

According to Media reports, Microsoft plans to continue utilising OpenAI’s technology under its existing commercial agreement, which is set to expire in 2030.