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.
350 articles found for "savings"
IRS Raises 401(k) Limit to $24,500 and IRA to $7,500 for 2026: What Savers Need to Know
The IRS has announced higher retirement contribution limits for 2026, with 401(k)s increasing to $24,500 and IRAs to $7,500, plus new catch-up rules for high earners.
Credit Card Debt Hits Record $1.23 Trillion as Americans Borrow Through Inflation
American credit card balances have surged 60% since the pandemic low, reaching a record $1.23 trillion with delinquency rates at their highest since 2011.
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.
Consumer Spending Powers 4.3% GDP Growth, But K-Shaped Economy Signals Warning Signs for 2026
US economy grew 4.3% in Q3 2025 driven by strong consumer spending, but widening gap between high and low-income households signals trouble for 2026.
Trump Cuts Drug Price Deals With 9 Pharma Giants in Exchange for Tariff Relief
Nine major pharmaceutical companies including Gilead, Merck, and Pfizer reached pricing agreements with the Trump administration, receiving three years of tariff relief in exchange.
Medicare Part B Premiums Jump $18 Per Month for 2026: How to Prepare for the Increase
Medicare Part B premiums are rising to $202.90 per month in 2026—the largest dollar increase in years. Here's what retirees and pre-retirees need to know.
FOMC Minutes Reveal Deep Division: Fed Officials Clash Over Inflation vs. Employment Priorities
The Federal Reserve released minutes from its December meeting today, revealing sharp internal debates over whether to prioritize inflation control or protect the labor market heading into 2026.
The December 31 RMD Deadline: What Retirees Must Do Before Midnight
If you're 73 or older, the deadline to take your 2025 required minimum distribution is December 31. Missing it triggers a steep 25% penalty—here's what you need to know.
Social Security's 2.8% COLA for 2026: Why Your Actual Raise Will Be Smaller Than You Think
The 2.8% Social Security cost-of-living adjustment for 2026 sounds generous, but Medicare Part B premium increases will eat into those gains for most retirees.
American Financial Pessimism Hits Highest Level Since 2018, Bankrate Survey Finds
Nearly one-third of Americans expect their finances to worsen in 2026, the highest level of pessimism in seven years, as inflation fatigue and political uncertainty weigh on household outlooks.
Amazon Unveils Trainium3 Chip and Partners With Nvidia on 'AI Factories' for the Data Center Wars
AWS launches its most powerful AI chip yet and announces a surprising Nvidia partnership. Here's what it means for the cloud computing landscape.