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2025 Federal Tax Brackets: Here's Why Your Paycheck May Be Bigger This Year
The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations ...
Trump and the expiration of the TCJA: Here’s what’s next for your tax bill
The Tax Cuts and Jobs Act (TCJA), a massive overhaul of the tax code, is set to expire at the end of 2025. Here’s what could happen.
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Taxes Explained: Tax Credits and Deductions
A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...
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The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know
That could change amid tax negotiations with lawmakers from high ... Before TCJA, the SALT deduction was unlimited, but the so-called alternative minimum tax reduced the benefit for some higher ...