The One Big Beautiful Bill Act: How 2026's Biggest Tax Law Reshapes American Finances
The OBBBA signed July 4, 2025 doubles the standard deduction, adds senior tax breaks, and makes key provisions permanent. Here's what you need to know.
58 articles found for "tax"
SALT Deduction Cap Quadruples to $40,000: What High-Tax State Residents Need to Know
The One Big Beautiful Bill Act raises the SALT deduction cap from $10,000 to $40,000 for 2025, delivering significant tax relief to residents of high-tax states.
Child Tax Credit Made Permanent at $2,200 With New 'Trump Accounts' for Newborns
The One Big Beautiful Bill Act made the child tax credit permanent at $2,200 per child and created 'Trump Accounts' that give newborns $1,000 starter investments.
Year-End Tax Checklist: 6 Moves to Make Before December 31
With major tax law changes taking effect in 2026, these six financial moves could save you thousands if completed before the December 31 deadline.
'Gigantic' Tax Refunds Coming in 2026: What Trump's One Big Beautiful Bill Means for Your Wallet
Treasury Secretary Scott Bessent predicts Americans will receive up to $100 billion in larger tax refunds next year thanks to retroactive tax cuts in the OBBBA.
The 2026 Tax Bracket Shift: How the IRS Changes Will Affect Your Paycheck
The IRS has released 2026 tax brackets with higher income thresholds and standard deductions. Learn how these changes could reduce your tax bill and boost take-home pay.
The $6,000 Senior Bonus: How Americans 65 and Older Can Slash Their 2025 Tax Bill
A new $6,000 tax deduction for Americans 65 and older went into effect in 2025 under the One Big Beautiful Bill Act. Here's how to qualify and maximize your savings.
California's $100 Billion Gambit: Proposed Wealth Tax Sparks Billionaire Exodus Fears
A proposed 5% wealth tax on California billionaires has tech titans like Peter Thiel and Larry Page eyeing the exit. Here's what's at stake for Silicon Valley.
The Tax Loopholes the Rich Use That Are Legal for Everyone
The wealthy don't pay less in taxes because of illegal schemes. They use strategies available to anyone—strategies most people don't know exist.
Social Security's 2026 Overhaul: What the 2.8% COLA and New Tax Breaks Mean for 75 Million Americans
Social Security benefits rise 2.8% in 2026, adding $56 monthly for average retirees. Plus, a new $6,000 tax deduction helps seniors keep more of their benefits.
The Senior Bonus Deduction: How Retirees Can Claim Up to $12,000 in New Tax Savings
The One Big Beautiful Bill Act created a new $6,000 tax deduction for seniors 65+. Here's how to maximize this benefit and reduce your 2025 and 2026 tax bills.
HSA Limits Hit Record Highs in 2026: How to Save $8,750 Tax-Free for Healthcare
The IRS raised 2026 HSA contribution limits to $4,400 for individuals and $8,750 for families, offering Americans the triple tax advantage for healthcare savings.