Dependent Care FSA Jumps 50% to $7,500: Parents' Biggest Tax Break of 2026
The IRS raised the dependent care FSA limit from $5,000 to $7,500 for 2026—a historic 50% increase that could save working parents thousands on childcare costs.
477 articles found for "tax"
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.
Bitcoin Struggles Below $90,000 as Year-End Tax Selling Weighs on Crypto
Bitcoin briefly topped $90,000 Monday before retreating as U.S. traders continue to book losses for tax purposes, leaving the largest cryptocurrency 30% below its October high.
Section 179 Deduction Doubled: Small Business Owners Have Until Midnight to Claim Up to $2.5 Million
The One Big Beautiful Bill Act doubled the Section 179 deduction to $2.5 million. Small business owners have until December 31 to buy equipment and claim the tax break.
U.S. Electric Vehicle Sales Expected to Plunge 29% in 2026 as Tax Credits Expire
Benchmark Mineral Intelligence projects U.S. EV sales will fall to 1.1 million units from a record 1.5 million in 2025, as the end of federal incentives reshapes the market.
The 529-to-Roth IRA Revolution: How College Savers Can Now Build Tax-Free Retirement Wealth
SECURE 2.0 now allows 529 plan rollovers to Roth IRAs—up to $35,000 lifetime. Here's how families can transform leftover college savings into retirement gold.
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 New Non-Itemizer Charitable Deduction: How to Claim Up to $2,000 While Taking the Standard Deduction
For 2026, a new tax benefit lets you deduct charitable donations even if you take the standard deduction. Here's how the non-itemizer charitable deduction works.
U.S. Auto Sales Hit 16.3 Million in 2025: Best Year Since 2019 Despite EV Tax Credit Expiration
American auto sales reached 16.3 million units in 2025, the highest level in six years, though Cox Automotive warns 2026 could see a 2.4% decline as economic headwinds mount.
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.