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Several of the provisions in the law are not permanent, and will expire in 2028.
Servers like Shey Newman at Katie’s Restaurant could save thousands yearly under the new law exempting up to $25,000 in tips ...
Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single ...
Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...
The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on ...
Sales tax exemptions for everything from newspapers to legal services to candy cost the commonwealth billions every year, and at least one top policymaker says he’s open to getting rid ...
For many, summer is a time for relaxation, fun, and adventure. But did you know that certain summertime activities might ...
The "no tax on tips" provision in the federal spending bill creates a new deduction for tipped workers, eliminating or decreasing what they owe in federal income tax. Tipped workers still have to pay ...
President Trump's 'big beautiful bill' will provide a boost to the economy in the near term but just a tiny bump over the ...
Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...
Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could shave a couple thousand dollars off their federal tax bill. A hotel ...