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An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.
Congress didn’t eliminate taxes on Social Security income; the deduction is a back-door way to reduce seniors’ taxable income, including the retirement benefits. For example, a high roller or ...
Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.
The “big, beautiful” bill, signed into law by President Trump, extends tax cuts, increases the Child Tax Credit, reduces taxes for tips and overtime, creates Trump Accounts for parents ...
The clarity and support provided by the One Big Beautiful Bill represent a decisive step forward for the business community.
The federal One Big Beautiful Bill Act will have an arguably big impact on the state of Montana — a decrease of an estimated $114.2 million in revenue based on income tax changes alone, according to ...
Key provisions in the president’s signature legislation will take effect at different times over several years.
Debate over President Donald Trump’s sweeping budget-and-policy package is over on Capitol Hill. Now the argument goes national. From the Central Valley of California to Midwestern battlegrounds and ...
One of the hallmarks that set the Social Security Administration apart from other government programs was its sedulous avoidance of anything resembling partisan politics. That was a key to its overwhe ...
Big changes are coming to Iowans’ taxes, health care, nutrition assistance, energy generation and student loans. Here's what ...
IRS 401(k) limits increase to $23,500 in 2025. Here’s how the Big Beautiful Bill reshapes retirement, RMDs, and Roths.
The “Big Beautiful Bill” was enacted with President Trump’s signature on Independence Day. The vast majority of taxpayers ...