Personal Finance
Latest Personal Finance News
Trump’s Tax Plan for Capital Gains Taxes
With the Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, tax policy is once…
Trump Tax Plan: Homeschool Tax Credit
The Trump-backed tax plan currently advancing through Congress could bring meaningful changes to how education expenses for homeschoolers are treated…
What Is Trump’s Plan for Taxes on Overtime?
A Trump-backed tax plan currently advancing through Congress proposes significant changes to the federal taxation of overtime pay and tip…
Trump Tax Plan: Will Social Security Taxes Get Cut?
President Donald Trump advocated for the elimination of federal income taxes on Social Security benefits during his 2024 campaign. However,…
Trump Tax Plan: Stay-at-Home Mom Tax Credit
The new Trump tax plan could significantly reshape how families are taxed, especially with the Tax Cuts and Jobs Act…
How to File a Tax Extension in California: Eligibility Rules
California grants an automatic tax filing extension until October 15 for individual taxpayers, with no need to submit a formal…
Is There a Penalty for Filing a Tax Extension?
Filing an extension gives you an additional six months to submit your tax return, but not to pay your taxes.…
Supreme Court Sides With Catholic Group In Tax Exemption Dispute Over Non-Religious Activities
In a unanimous decision, the U.S. Supreme Court ruled that a Catholic organization qualifies for a tax exemption even though…
Can You Contribute to a Roth IRA Without Having Earned Income?
You generally need earned income—such as wages, tips, or self-employment income—to contribute to a Roth IRA, since these accounts are…
Is Your Homeowners Insurance Tax-Deductible?
Homeowners insurance is usually not tax-deductible for personal residences, but you may be able to deduct part of the cost…
