Tax Breaks
Latest
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Big Tax Deduction Increase Proposed for Those Over Age 65
Tax Deductions A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.
By Kelley R. Taylor Last updated
Tax Deductions -
What’s Happening With Taxes on Overtime Pay?
Income Tax Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
By Kelley R. Taylor Last updated
Income Tax -
SALT Deduction: Three Things to Know for 2025
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
By Kelley R. Taylor Last updated
Tax Deductions -
The Standard Deduction: What You Need to Know for 2025
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor Last updated
Tax Breaks -
The Nine States With No Income Tax in 2025
State Tax Your hard-earned money is safe from state income tax if you live in one of these states but watch out for other state and local taxes.
By Gabriella Cruz-Martínez Last updated
State Tax -
Child Tax Credit: How Much Is It for 2025?
Tax Credits The refundable amount of this tax break is slightly higher for the 2024 tax filing season. Here’s what you need to know.
By Gabriella Cruz-Martínez Last updated
Tax Credits -
Gov. Hochul to Deliver $1 Billion in Tax Relief to New Yorkers
State Tax The New York State Budget deal would benefit middle-class families.
By Gabriella Cruz-Martínez Last updated
State Tax -
New HSA Contribution Limits Are Set for 2026: What to Know Now
Health Savings The IRS says Health Savings Account contribution limits will increase again next year due to inflation.
By Kelley R. Taylor Last updated
Health Savings -
Alabama Tax Guide 2025
State Tax Explore Alabama's 2025 state tax rates for income, sales, property, retirement, and more. Learn how Alabama compares nationwide.
By Katelyn Washington Last updated
State Tax