The IRS released numbers for tax year 2024 back in November 2023 .
Trump economic adviser Steven Moore floats raising the cap — put in place, in the first place, in the first year of Trump’s ...
As 2024 draws to a close, taxpayers still have time to take advantage of valuable tax credits and deductions.
Like tax year 2024, the standard deduction, tax brackets, and more will be updated for tax year 2025. Single taxpayers and married individuals filing separately will see their standard deduction rise ...
The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens ...
Gifts to qualifying charitable organizations are eligible for a tax deduction. However, the IRS has many rules about what ...
Without this tax benefit, many child care businesses may face increased pressure to raise tuition or risk closure.
Some House Republicans are demanding an increase to SALT deduction in order to support an extension of President-elect Donald ...
President-elect Donald Trump’s advisers are reportedly considering increasing the controversial $10,000 cap on state and ...