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How the IRS no-tax-on-tips rule works and who can benefit

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...

The IRS Is Adjusting Tax Brackets for 2026-and First-Time Buyers Stand To Benefit

The IRS will raise 2026 tax brackets to account for inflation, boosting take-home pay for millions. Here's what it means for ...
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The $6,000 bonus for seniors: why it's better than a Social Security tax cut

A new $6,000 bonus deduction for seniors under the One Big Beautiful Bill Act will cut taxes from 2025–2028, offering more relief than a Social Security tax cut.

Child Tax Credit Changes Boost Benefits But Exclude Lowest Income

The One Big Beautiful Bill Act (OBBBA) increased the child tax credit to $2,200 per child and indexed it for inflation. No ...
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IRS rules change 401(k) catch-up contributions for high earners

IRS regulations are changing retirement benefits for high-earning workers 50 and older, impacting catch-up contributions and Roth 401(k) plans.
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Social Security benefits taxation: IRS rules explained

The IRS considers marital status and provisional income to determine whether Social Security benefits are taxable. Provisional income includes adjusted gross income, nontaxable interest, and ...
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5 Steps to Maximize Your OBBB Tax Benefits Before 2029

The OBBB law offers retirees powerful tax benefits through 2028. Managing AGI, using Roth conversions, QCDs, and temporary deductions is key before 2029.