This month, many students—including my own kids—are heading back to school. Most of them have a cell phone (or wearable…
California has wildfires, high crime rates and plenty of government regulations. All prompt complaints from residents, but in some circles,…
The U.S. Department of the Treasury wants to hear from you. The commenting period has opened for the Guiding and…
The ink on the One Big Beautiful Bill is dry, and some of the targeted tax benefits are, well, big.…
Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term…
Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their…
Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established by the Tax Cuts and…
The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable…
If you were hoping for some guidance from the IRS with respect to changing your withholding to reflect the changes…
For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits which deductions you can claim,…
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