For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

Something "Big" but not so "Beautiful" is raising alarm bells in the Las Vegas tourism industry, but international tourists are unaffected.

A few strategies can help you avoid handing over more than necessary to the IRS ... income for the year. Staggering withdrawals more equally over the distribution period will make it less likely that ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

The proposal, which Congress passed as part of the president’s tax-and-spending megabill, won’t eliminate taxes on tips ...

President Donald Trump signed the so-called One Big Beautiful Bill (OBBB) into law Friday, a budget that will have ...

The Trump megabill will give the top 1 percent tax cuts totaling $1.02 trillion over the next decade. For comparison, the ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be made. Firms play a role in helping understand these important updates. They ...

A tax deduction reduces your taxable income and how much tax you owe. You can itemize your deductions or take a fixed amount with the standard deduction.

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what you owe yearly.

Although tax cuts may be on the table, no such bill to eliminate income taxes outright exists, nor does it appear to have broad support, York notes.