About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

If you were planning to undertake a Roth IRA conversion this year, the newly introduced One Big Beautiful Bill (OBBB) won’t necessarily impact you directly. However, the bill has an indirect impact ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

Every year around tax time, I get annoyed at a particular topic and the social-media posts that surround it. That topic concerns using the Section 179 tax deduction for SUVs and passenger vehicles ...

Tax planning is a major part of owning and running a successful business. The meals and entertainment tax deductions have been a valuable way for many small-business owners to reduce their tax ...

Residents of the United States are frequently ranked as among the most generous in the world (Charities Aid Foundation World Giving Index, October 2019). Charitable contributions flowing from these ...