President Trump’s “Big, Beautiful Bill” will cut taxes on Social Security income—but not everyone qualifies. Here’s what it ...

When President Trump was running for office, one of the things he pledged to do was eliminate taxes on Social Security. There are many seniors who don’t pay taxes on those monthly benefits, but it’s ...

President Trump repeatedly stated that he wanted to end Social Security benefit taxes, but that's not what the OBBB does.

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to ...

But there hasn’t been the kind of national relief that could provide a meaningful resolution for U.S. homeowners now sitting on (and paying taxes on) $35 trillion of residential real estate wealth.

A tax credit reduces your total taxes due. For example, if your total tax owed is $10,000 but you are eligible for a $2,000 tax credit, your net liability becomes $8,000.

If a single filer’s income is $25,000 to $34,000, the tax applies to as much as 50% of benefits. People with higher incomes are subject to taxes being levied on up to 85% of their benefits. For ...

How should tax-loss harvesting be implemented? As with any investment strategy, tax-loss harvesting should be used in ways that reflect each investor’s situation and needs in order to generate the ...

One of the main tax benefits of owning a car can be the ability to deduct depreciation. The IRS allows business owners and self-employed individuals to write off a portion of their car's value ...

Accurate record-keeping and understanding IRS rules are central to maximizing tax benefits. A financial advisor can also help you determine whether leasing or buying a car is more tax-efficient ...

How Social Security benefit taxes work First things first: It's important to understand how the IRS taxes Social Security benefits to know if any of your checks are at risk in the first place. It ...