Financial adviser Devin Carroll got right to work over the Fourth of July weekend assessing his clients' tax obligations after the Republican megabill was signed. The professional software he uses to ...

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it's up to taxpayers to see if they can take ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year ...

The “One Big, Beautiful Bill” is a historic win for American families, workers, seniors, small businesses and servicemembers, ...

Many New Yorkers will soon receive what the Governor is calling "inflation refund checks."The state Department of Taxation ...

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...

Range reports high earners must pay quarterly estimated taxes if they owe over $1,000, with specific guidelines to avoid ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Boston Mayor Michelle Wu banked more than $184,000 last year, nearly all of which came from her $207,000 mayoral salary, according to the 2024 tax return she released this week through her campaign.

Start with your AGI (it’s on line line 11 of the 2024 version of Form 1040). Add back any deductions or exclusions that can’t be included in MAGI for the tax benefit you’re hoping to claim ...

But there would be an income limit, with the $4,000 deduction available for people with a modified adjusted gross income of $75,000 or less for single filers and $150,000 for married couples who ...

Considering state taxes only, paying taxes on $300,000 of taxable income (adjusted gross income) would leave a single taxpayer or married taxpayer filing separately with $275,447.15. $300,000 is ...