Taxes
Latest Taxes News
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…
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…
Trump Pardons ‘Chrisley Knows Best’ Stars, Yet IRS Tax Lessons Remain
Todd and Julie Chrisley were convicted of tax evasion and bank fraud, and have been in prison since January 2023.…
Supreme Court Expands Tax Exemptions For Religious Charities
Topline The Supreme Court expanded when religious organizations can qualify for tax exemptions as it ruled Thursday in favor of…
House Budget Bill Cuts Average Taxes By $2,900, Favors High-Income Households
The budget reconciliation bill passed by the House on May 22 would cut taxes by an average of about $2,900…
