Congress makes adjustments for individuals 65 and over, and for Social Security beneficiaries. Congress enacted two laws this year, President Donald Trump’s “One Big Beautiful Bill” and the…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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Senators Introduces Bill to Increase Tax Deductions on Charitable Donations
The Charitable Act receives bipartisan support. Senators James Lankford of Oklahoma and Chris Coons of Delaware recently introduced the Charitable Act which is receiving bipartisan support. The legislation…
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