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.
1198 articles found for "tax"
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.
The Backdoor Roth IRA Survives: High Earners Can Still Access Tax-Free Retirement Growth
The backdoor Roth IRA strategy survived recent tax legislation. Learn how high-income earners can still convert traditional IRA contributions to Roth for tax-free growth.
Estate Tax Exemption Hits $15 Million: What High-Net-Worth Families Need to Know for 2026
The federal estate tax exemption rises to $15 million in 2026, a 7.2% increase. Here's what wealthy families should know about planning their legacy this year.
The Student Loan Tax Bomb Starts Today: What Borrowers Need to Know About 2026's Biggest Financial Trap
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is once again taxable income. Here's how to prepare for the financial hit.
Roth Conversion Deadline: Last Chance to Lock In Lower Tax Rates Before 2026
December 31 is the deadline for 2025 Roth conversions. With tax rates potentially rising in 2026, now may be the optimal time to convert traditional IRA funds to a Roth.
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.
IRS Enters 2026 Tax Season Down 19,000 Workers as Watchdog Warns of Significant Refund Delays for Millions
The IRS has lost roughly 19,000 employees over the past year amid federal workforce reductions, and a Treasury watchdog warns that refund delays and longer wait times are likely for millions of taxpayers.
The 2026 Tax Season Is Shaping Up as the Most Chaotic in a Generation as IRS Staffing Cuts, New Deductions, and a Government Shutdown Collide
The IRS has lost 19,000 employees in a year, hired just 50 of 2,200 planned seasonal workers, and must process returns with major new deductions from the One Big Beautiful Bill, all while recovering from a shutdown.
The New 1099 Rules for 2026: What Every Freelancer and Gig Worker Needs to Know About the Biggest Tax Reporting Overhaul in Years
The 1099 reporting threshold has increased from $600 to $2,000 and 1099-K rules have been reverted to $20,000 and 200 transactions. Here's what gig workers need to know.
New Car Loan Interest Deduction Takes Effect: How to Claim Up to $10,000 in Tax Savings
Trump's One Big Beautiful Bill creates a new car loan interest deduction of up to $10,000 annually for new American-made vehicles. Here's how to claim it.
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.