Taxes April 21, 2026
Here’s How Maine’s New Millionaire Tax Will Work
Starting next year, Maine will put a 2% tax on income over $1 million for single filers and $1.5 million for joint filers. It's expected to generate $74 million per year.
Payroll September 18, 2025
Tax Changes to Overtime Pay Under the One Big Beautiful Bill Tax Act – OBBBA Tax Law Changes
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes September 16, 2025
New Tax Law Means New Horizons for Estate Tax Planning – OBBBA Tax Law Changes
Thanks to the new One Big Beautiful Bill Act (OBBBA), the federal estate tax exemption will hit new heights next year. And what a long, strange trip it’s been.
Taxes September 15, 2025
IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions
Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.
Taxes September 15, 2025
13 States That Don’t Tax Your Retirement Income
Here’s what you need to know about how different states tax retirement income, including the states where you won't pay taxes at all.
Taxes September 15, 2025
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
More than a quarter of large U.S.-based influencers—those with at least 100,000 followers—reported earning tips, according to a 2024 study by the Creative Class Group.
Taxes September 12, 2025
New Tax Law Is Mixed Bag for AMT – OBBBA Tax Law Changes
The One Big Beautiful Bill Act (OBBBA) signed into law earlier this year tweaks the alternative minimum tax (AMT) rules for individuals. Overall, the news for taxpayers is “mixed,” beginning in 2026.
Taxes September 11, 2025
New Law Complicates Charitable Gift-Giving – OBBBA Tax Law Changes
For the first time in history, the new law creates a “floor” for deducting charitable donations deductions. At the same time, it opens up deductions to non-itemizers as well as itemizers.
Taxes September 11, 2025
2026 Income Tax Projections and Tax Brackets: Bloomberg Tax Provides Early Insights for Strategic Planning
The report accounts for several new adjustments made under the One Big Beautiful Bill Act (OBBBA) that affect tax planning for taxpayers in 2026 and beyond.
Taxes September 11, 2025
Teacher Tax Credit Changes Under 2025 Trump Tax Law – OBBBA
The deduction isn’t just for teachers (although they are the most common benefactors). It may also be claimed by someone who works as an instructor, counselor, principal, or aide for students in K-12.
Special Section: Guide to 2025 Tax Changes September 11, 2025
Three Education Tax Breaks in the New Tax Rules – OBBBA Tax Law Changes
The new “One Big Beautiful Bill Act” (OBBBA) is enhancing several tax breaks relating to education in addition to increasing family tax credits for raising young children.
Taxes September 9, 2025
IRS Has Doled Out $162M in Penalties to Taxpayers Over False Tax Credit Claims Linked to Bad Social Media Advice
Thousands of taxpayers have filed inaccurate or frivolous returns that falsely claim the Fuel Tax Credit and the Sick and Family Leave Credit, often resulting in the denial of refunds and steep penalties, the IRS said Sept. 8.
Payroll September 9, 2025
What is the IRS Rule of 55 and How Does it Work?
The rule of 55 can benefit workers who have an employer-sponsored retirement account and are looking to retire early or need access to the funds if they’ve lost their job near the end of their career.