Tax
House passes SALT deduction changes
[UNITED STATES] House lawmakers on Thursday morning voted to advance changes to the federal deduction for state and local taxes—commonly referred to as...
House GOP pushes for higher SALT deduction cap
[UNITED STATES] House Republicans are pushing to raise the cap on the federal deduction for state and local taxes—commonly known as SALT—as part...
Understanding marginal and effective tax rates
[UNITED STATES] Navigating the complexities of income taxation can be challenging, especially when distinguishing between marginal and effective tax rates. Understanding these concepts...
Why it’s time to close the litigation funder tax loophole
There’s a multibillion-dollar hustle hiding in the legal system—and no, it’s not just ambulance chasers or billable-hour lawyers. It’s litigation funding, the financial...
New Social Security bonus and SALT deduction rules take effect
In the second half of 2025, the US government introduced two policy changes that don’t make front-page headlines—but should absolutely be on your...
Trump’s no-tax-on-tips plan sounds good—until you read the fine print
In June 2024, former President Donald Trump made a direct appeal to America’s service workers: under his future administration, tipped income would no...
Why new Trump tax deductions may offer little relief for low-income workers
When politicians talk about tax cuts, it often sounds like good news for everyone. But in reality, not all tax relief lands the...
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Social Security trust fund insolvency: Will Congress fix it in time?
Social Security is the cornerstone of retirement planning for most Americans. Yet the latest trustee report warns that its primary funding source—the Old-Age...
How to avoid tax torpedoes in retirement
Retirement is supposed to be a time of financial ease, not surprise tax bills. Yet many retirees—especially those who’ve diligently saved—find themselves hit...
Why Trump’s tax deductions for tips, car loans, and overtime may offer little value to low-income earners
For working Americans hoping for meaningful tax relief, the Senate’s approval of Trump’s 2025 tax package might sound like good news. After all,...
Why Congress is advancing a “meh” tax bill—and why it still matters
This year’s most underwhelming piece of legislation might also be one of its most consequential. The Senate recently passed a modest tax bill...
Child tax credit changes: Bigger benefits, but will your family qualify?
The child tax credit (CTC) is one of the largest federal tax breaks for families in the U.S., designed to ease the financial...
What it means for buyers due to the EV tax credit phaseout
A major US tax and spending package advancing through Congress could permanently end federal electric vehicle (EV) tax credits by September 30, 2025—marking...
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