Trump’s ‘huge lovely invoice’ contains key tax modifications for 2025

Speaker of the Home Mike Johnson (R-LA) (C) indicators the One Huge Stunning Invoice Act throughout an enrollment ceremony with fellow Republicans within the Rayburn Room on the U.S. Capitol on July 03, 2025 in Washington, DC. Chip Somodevilla | Getty Photos Information | Getty Photos It has been about two weeks since President Donald … Read more

Find out how to decrease capital positive factors on dwelling gross sales as Trump eyes ending the tax

Martin Barraud | Ojo Pictures | Getty Pictures As President Donald Trump weighs ending capital positive factors taxes on dwelling gross sales to bolster the housing market, specialists say it is attainable to decrease your invoice with out legislative adjustments. When requested in regards to the thought this week within the Oval Workplace, Trump informed … Read more

Trump floats no capital features taxes on dwelling gross sales. Who may gain advantage

U.S. President Donald Trump meets with Philippine President Ferdinand Marcos Jr. (not pictured), within the Oval Workplace on the White Home in Washington, D.C., U.S., July 22, 2025. Kent Nishimura | Reuters President Donald Trump stated the administration is contemplating ending capital features taxes on dwelling gross sales to spice up the housing market. When … Read more

This lesser-known 401(ok) characteristic offers tax-free retirement financial savings

Don Mason | The Picture Financial institution | Getty Photographs When you’re keen to extend your retirement financial savings, a lesser-known 401(ok) characteristic may considerably increase your nest egg, monetary advisors say.  For 2025, you’ll be able to defer as much as $23,500 into your 401(ok), plus an additional $7,500 in “catch-up contributions” if you … Read more

Trump floats tariff ‘rebate’ for customers. This is what to anticipate

U.S. President Donald Trump talks to reporters as he departs the White Home on July 25, 2025 in Washington, DC. Trump is touring to his Balmedie golf programs in Scotland this week. Chip Somodevilla | Getty Photos President Donald Trump mentioned the administration is contemplating a rebate for some customers from income raised by greater … Read more

Trump big beautiful bill’s ‘no tax on tips’ — what workers need to know

US President Donald Trump arrives to speak on his policy to end tax on tips in Las Vegas, Nevada, on January 25, 2025.  Mandel Ngan | Afp | Getty Images President Donald Trump’s “big beautiful bill” includes a section called “no tax on tips” — an idea that both Republicans and Democrats floated during the … Read more

The second-quarter estimated tax deadline for 2025 is June 16

Pra-chid | Istock | Getty Images The second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS. Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments … Read more

Trump’s ‘big beautiful bill’ adds SALT deduction ‘torpedo,’ pro says

U.S. Representative Josh Gottheimer, D-NJ, speaks during a press conference about the SALT Caucus outside the Capitol on Wednesday February 08, 2023 in Washington, DC.  Matt McClain | The Washington Post | Getty Images President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known … Read more