Tag: tax deduction
A tax-refund surge is coming, JPMorgan strategist says — and it’ll shift US economy like a new round of stimulus checks
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No Tax on Tips in 2025 Trump Tax Law. What’s the Catch?
The 2025 Trump tax law — One Big Beautiful Bill Act (OBBBA) — includes provisions for “No Tax on...
No Tax on Overtime in 2025 Trump Tax Law. What’s the Catch?
The new 2025 Trump tax law includes provisions for “No Tax on Tips” and “No Tax on Overtime.” I...
Deductible Car Loan Interest in the New 2025 Trump Tax Law
When my wife bought a new Subaru Outback in March, the manufacturer offered special financing at 3.9% APR. We...
$1,000 Charity Donation Deduction in the 2025 Trump Tax Law
Many charities advertise that donations are tax-deductible, but most people don’t deduct donations on their taxes. That’s because over...
Tax Deductions: Above-the-Line, Itemized, and Neither
The new 2025 Trump tax law — One Big Beautiful Bill Act — created several new tax deductions. Some...
Effect of Higher SALT Cap in 2025 Trump Tax Law
SALT stands for State And Local Taxes. It’s basically state and local income taxes and property tax. The 2017...