The No Tax on Tips Revolution: What Service Workers Need to Know About the $25,000 Deduction
The One Big Beautiful Bill Act created a groundbreaking tax break for service workers. Here's how to claim up to $25,000 in tip income deductions in 2026.
99 articles found for "tax"
EV Sales Crash 50% After Tax Credit Expires: What It Means for Car Buyers and the Industry
Electric vehicle sales plummeted 50% in October after the $7,500 federal tax credit expired in September. Here's what happened and what it means for car buyers.
No Tax on Tips: 6 Million Service Workers Get a New $25,000 Deduction Starting in 2025
The One Big Beautiful Bill Act creates a new tip income deduction worth up to $25,000 annually for bartenders, servers, and 66 other qualifying professions through 2028.
The $2,100 Tariff Tax: How Trade Policy Is Quietly Reshaping American Household Budgets
American families face an average $2,100 tariff burden in 2026 according to Tax Policy Center analysis. Here's how trade policy is affecting everyday prices.
Trump's Tariffs Are Here: How the 18% Import Tax Affects Your Wallet
The average tax on US imports has jumped to 18%. Here's what you'll pay more for, how to adjust your budget, and what it means for the economy.
Treasury Implements $10,000 Car Loan Interest Deduction: What Buyers Need to Know
The Treasury Department is rolling out Trump's car loan interest tax break. Here's who qualifies, which vehicles are eligible, and how much you could save.
The $1,400 Tariff Tax: How Trade Policy Is Reshaping American Household Budgets in 2026
New analysis shows the average American household will pay $1,400 more in 2026 due to tariffs on imports from China, Mexico, and Canada. Here's how the trade war affects your wallet.
Trump's Tariffs: What the 18% Import Tax Means for Your Wallet in 2026
Trump's tariffs have raised the average effective rate to 15.8% - the highest since the Great Depression. Here's how the $1,400 annual household burden affects your spending.
IRS Bumps 2026 Business Mileage Rate to 72.5 Cents: What Drivers Need to Know
The IRS has raised the standard mileage rate for business driving to 72.5 cents per mile in 2026, up 2.5 cents from 2025. Here's how to maximize your tax deduction.
Trump's Tariff Bill Comes Due: American Households Face $1,500 Tax Increase in 2026
As tariff costs shift from businesses to consumers, the average American household will pay $1,500 more in 2026—up from $1,100 in 2025—according to new analysis.
ACA Premium Crisis: 20 Million Americans Face 114% Health Insurance Hikes After Subsidy Expiration
Enhanced ACA tax credits expired January 1, causing average premiums to surge 114% for 20 million subsidized enrollees. Some families face $2,500 monthly bills.
FSA Deadline Alert: Americans Risk Forfeiting $1.5 Billion in Unused Health Funds at Midnight
Today is the final day to spend 2025 FSA funds for most Americans. With 50% of account holders forfeiting an average of $463 annually, here's what you need to know before midnight.