#federal-income-tax

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#marriage-penalty #capital-gains #salt-deduction #retirement-tax-relief #social-security
US politics
fromAbove the Law
6 days ago

Travis Kelce's And Taylor Swift's Wedding Could Result In A Higher Tax Bill Due To The Marriage Penalty - Above the Law

Marriage can trigger a U.S. federal 'marriage penalty' causing higher taxes or lost deductions for many couples, especially high-income households.
fromSFGATE
3 weeks ago

1.9 Million Retirees in North Carolina Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The OBBBA created a deduction specifically for seniors: $6,000 for individuals over age 65 and $12,000 for qualifying couples, increasing the total deductions significantly.
US politics
US politics
fromFast Company
2 months ago

'No Tax on Tips' is now the law: What workers should know about timeline, how paychecks will be impacted

The "No Tax on Tips" provision allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes.
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