Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be raised 1% every year through 2029, before reverting back to $10,000 in 2030.
This type of account offers triple-tax benefits, and is especially useful after you turn 65. And the great part is that you can open it well before retirement age.
Some of these perks don’t apply to investment properties, but that doesn’t necessarily mean you’ll have to pay more taxes for ...
Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...
The holidays are the traditional time for giving as people look to spread holiday cheer and get tax benefits. Here's what you ...