Category: News

Did You Know $90 Billion in Tax Revenue Has Vanished Over 10 Years? Wondering how a single deduction could result in a staggering $90 billion overtime loss over 10 years? This dilemma opens a Pandora’s box about the impacts of IRS tax revenue decline in the USA. Small businesses and higher earners alike have faced…

$40 Billion State & Local Tax Deduction Cap Raises to $40,000 – What It Means Are you feeling overwhelmed by state and local taxes? The $40 billion SALT deduction cap has been a pain point for many Americans, particularly homeowners who feel pinched by their property taxes. A significant change is coming in 2025 with…

$70 Billion Potential Wage Increase If Minimum Wage Bill Passes – What’s at Stake Are you one of those folks wondering how a $70 billion wage growth USA boost might impact your life? If so, you’re certainly not alone. As America faces ongoing economic challenges, discussions surrounding the minimum wage reform 2025 are heating up….

$40,000 Cap on SALT Deduction – Who Benefits, Who Doesn’t The $40,000 cap on SALT deduction – yeah, it’s something a lot of people are feeling. If you live in a high-cost state or area, you might be asking: how will this impact my tax situation? For many taxpayers, these small yet significant changes can…

$184,500 Maximum Earnings Subject to Social Security Tax: Know the Change Are you aware that your hard-earned income could be taxed differently starting in 2026? This might sound like a small detail, but for many high earners, the $184,500 SSA income cap could be a big deal. So, if you’re among those who sometimes wonder…

$1,300 Extra for Tipped Workers Under Latest Tax Legislation Are you a tipped worker wondering how new tax laws will impact your take-home income? With the introduction of a new federal benefit for tipped labor, some workers could see up to $1,300 additional payment for workers in the near future. This new development is designed…

$3,000 More Per Year for Retirees After Retroactive WEP/GPO Fix Are you one of the countless retirees wondering why your Social Security benefits don’t seem fair? Many retirees have long felt the weight of the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP), which effectively reduced their hard-earned benefits. In 2025, significant changes have…

$10,000 SALT Deduction Reversal – Are You Prepared for Tax Planning After 2029? Do you feel anxious about losing that $10,000 SALT deduction? If you’re a homeowner or live in a high-tax region, it’s a troubling reality that could affect your financial health. The SALT (State and Local Tax) deduction has provided billions in tax…

$1,000 One-Time Child Credit via ‘Trump Account’ for Parents Are you feeling the pinch of balancing family expenses and looking for any sort of relief? You’re not alone. Many parents across the US are worried about how they’ll make ends meet, especially with kids growing up faster than we can keep up. Recently, the announcement…

$70 Billion in Additional Wages for Low-Paid Workers if Minimum Wage Passes The Choice Before Congress Are you feeling the strain of rising costs while your paycheck stays the same? If so, you’re not alone. The ongoing Congress wage reform debate over raising the federal minimum wage is more than just a political talking point;…