Workers can reduce their tax bill by saving for retirement in tax-advantaged accounts. Traditional retirement accounts offer an immediate tax deduction, while Roth accounts provide tax-free income in ...

There is a new calculator that shows how President Donald Trump’s “big, beautiful” law will affect your 2026 tax bill, and how much additional take-home pay you’ll be getting. The calculator, from the ...

An audit of Susan’s IRA activity revealed that she paid income tax on $50,000 that qualified to be tax-free. Susan mistakenly believed that her IRA custodian would inform her how much of her ...

Taxpayers must turn 65 before the end of 2025 to qualify for a new proposed deduction on next year's tax return. It would not matter if you're receiving Social Security benefits or delaying to claim.

President Donald Trump says his tax bill, which won approval from a key congressional committee on May 18, would lower taxes for all Americans. It's “increasing take-home pay for the typical family by ...

One useful end of year tax strategy that brings with it aid for struggling charities is the QCD or Qualified Charitable Distribution. In fact, there may be few actions providing as much satisfaction ...

Business owners have a lot to unpack in the One Big Beautiful Bill Act (OBBBA). Here’s how it incentivizes the C-corp structure, particularly in growth-focused businesses. The OBBBA solidifies the 21% ...

Indiana's SEA 1 will provide property tax relief to homeowners and businesses, with businesses receiving the largest cuts. Local governments can offset property tax revenue by increasing income taxes.