New deductions for seniors, tipped workers and overtime, plus a tax hit on gamblers, have generated confusion, misinformation and outrage. Misinformation about the One Big Beautiful Bill Act (OBBBA) ...
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 ...
On July 4, 2025, President Trump signed into law the 2025 Budget Reconciliation bill, commonly known as the One Big Beautiful Bill Act (“Act”). This legislation extends several provisions from the Tax ...
Older taxpayers now have access to some of the most generous standard deduction rules on record, and the stakes are high for anyone trying to stretch retirement income. The federal tax code offers an ...
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