Latest
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The Standard Deduction: What You Need to Know for 2024 and 2025
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
Tax Breaks -
Do You Stop Paying Taxes on Social Security at a Certain Age?
Social Security There’s some confusion over whether you can escape taxes on Social Security benefits based on age.
Social Security -
House GOP Bill Aims to Abolish the IRS and Rewrite the Tax Code
Tax Policy The stability of the IRS faces yet another challenge as the U.S. presidency changes hands.
Tax Policy -
What is the Gift Tax Exclusion for 2024 and 2025?
Gift Tax Knowing the annual gift tax exemption can save you time and money.
Gift Tax -
More Taxes Could Slam New Yorkers Over MTA Budget Shortfall
State Taxes Lawmakers warn that New Yorkers may need to brace for more taxes.
State Taxes -
Irrevocable Trusts: So Many Options to Lower Taxes and Protect Assets
Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect their assets.
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SALT Deduction: Three Things to Know
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
Tax Deductions -
States With 2025 IRS Tax Deadline Extensions
Tax Deadlines The IRS has extended tax deadlines in several states due to severe storms, fires, hurricanes, and other natural disasters.
Tax Deadlines -
Will the SALT Deduction Cap Be Repealed or Raised in 2025?
Tax Deductions Some lawmakers say it’s time to end or increase the $10,000 cap on state and local tax deductions.
Tax Deductions
