Tax-law changes mean that some wealthy taxpayers should make charitable gifts this year, but others may want to wait.

After the One Big Beautiful Bill Act signed earlier this year made changes to tax benefits for 2026, philanthropists are having to rethink giving strategies, according to financial advisors.

Some people have an incentive to hold off on charitable giving until next year, in order to get the full tax reward for their ...

President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

At a discussion moderated by Kansas City Business Journal Publisher Stacie Prosser, panelists expressed optimism for the ...

Illinois tipped workers hoping for a break under the new federal tax law are in for a surprise: the state will continue taxing tips.

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.

On July 4, 2025, President Donald Trump signed what came to be known as the One Big Beautiful Bill Act. This legislation has ...

The One Big Beautiful Bill Act introduces a few provisions that change how (or how much) taxpayers are incentivized to make ...

Millions of households are about to discover that President Donald Trump's new tax rules make a zero-dollar federal income ...

In a note published on LinkedIn, Kelly explained that many of the tax cuts announced as part of President Donald Trump’s One ...

The rules of reclining, according to 7 frequent fliers ...