The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

However, there are plenty of unexpected deductions and other little-known uses for pre-tax money. Andy Phillips, Vice President of H&R Block’s Tax Institute, shares some more unexpected facts ...

otherwise you don’t qualify for the deduction. When you contribute to a pre-tax retirement plan (such as an IRA), you can deduct those contributions from your tax return. And if you’re self ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Range explores how a backdoor Roth IRA works, why it’s valuable for high-net-worth households, and the specific steps and tax ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

For 2024, the Head of Household deduction is $21,900 ... A Dependent Care FSA allows parents to set aside pre-tax dollars to pay for eligible child care expenses, such as day care, summer camp ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

The agency's Tax Exempt Organization Search tool ... Without further congressional action, the standard deduction will revert back to its pre-2017 limit in 2026. TurboTax Free Edition.