Tag Archive for: student loans

Big Beautiful Bill Tax Changes By Income Bracket: Who Gains And Who Loses?

An analysis paints a mixed picture of the "Big Beautiful Bill"—officially known as the One Big Beautiful Bill Act. The sweeping tax overhaul shifts benefits and burdens in surprising ways.

Tax Deductions 2024: What Can I Deduct and How Do They Work?

The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here's what you need to know about deductions for tax year 2024.

An Inherited IRA Can Boost Your Finances, But The New Finalized IRS Rules May Mean A Tax Headache

According to new, finalized IRS rules, if you inherited a retirement account in the past several years, it’s likely you’ll have to take distributions and pay taxes on all that money within 10 years. Before the new rule, heirs could “stretch” IRA withdrawals over their lifetime, which reduced yearly taxes.

When Does The IRS Start Processing Tax Returns With Child Tax Credit?

For those eagerly awaiting their tax returns, understanding the processing timelines is crucial. The IRS provides valuable information to address common queries and concerns in return processing, especially when claiming the Child Tax Credit.

Couples May Score A Bigger Tax Break With This Flexible Spending Account Strategy

The American Rescue Plan boosted child-care assistance through temporary changes to dependent-care FSAs. The law increased 2021 dependent-care FSA limits to $10,500 from $5,000, offering a higher tax break on top of existing rules allowing more time to spend the money. CLICK ON THE HEADLINE FOR MORE

Will You Be Getting More Stimulus Money? These Proposals Suggest ‘Yes’

Millions of Americans continue to struggle financially as the economy begins to slowly recover from 2020. CLICK ON THE HEADLINE FOR MORE