Trump’s 2025 tax law offers four major deductions, but missteps on AGI impact, paperwork, eligibility, and withholding can erase potential savings.

The "One, Big, Beautiful Bill Act" (OBBBA), enacted by President Trump in July 2025, includes a substantial and welcome benefit for older Americans: an enhanced tax deduction specifically for seniors ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

This is the gross pay for the pay period before any deductions, including wages, tips, bonuses, etc. You can calculate this from an annual salary by dividing the annual salary by the number of pay ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions from readers about end-of-year tax planning, capital-loss ...

THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 81-2025 reiterating and providing additional guidelines for deductions from gross income for income tax purposes.

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Stricter IRS rules on business write-offs expected to impact self-employed workers, freelancers, and small businesses this tax season IRVINE, CALIFORNIA / ACCESS Newswire / September 26, 2025 / The ...

Lack of payments have been just one result of the club's recent financial issues SHEFFIELD WEDNESDAY could be whacked with a FIFTEEN-POINT deduction after failing to pay their players on time.