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Can You Deduct Mortgage Interest on a Second Home?

Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established…

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SALT Write-Offs: Trump Tax Changes and Requirements

The state and local tax (SALT) deduction lets taxpayers write off certain state and local…

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Do You Have to Pay Taxes on Tips? Trump Tax Changes

Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding…

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IRS Says It Will Not Change Withholding Tables Or Form W-2 In 2025, Despite The New Tax Law

If you were hoping for some guidance from the IRS with respect to changing your…

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Can You Deduct Charitable Donations Without Itemizing Taxes?

For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits…

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HSA vs. FSA vs. HRA: Tax Benefits and Requirements

Health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) offer tax…

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Trump Tax Plan Auto Deduction

Under the One Big Beautiful Bill Act interest paid on certain car loans would become…

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What Disqualifies You From the Earned Income Credit?

The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain…

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Do You Have to Pay Taxes on Rebates? Rules and Examples

When you score that great mail-in offer or discount, you might wonder: Do you have…

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Schedule E Tax Form: When and How to File

If you earn income from rental properties, royalties, partnerships, S corporations, estates or trusts, you’ll…

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