Back on July 1, the White House issued a statement claiming that “88% of all seniors who receive Social Security — will pay ...

Analysis of the 2.8% COLA, 2026 Medicare premiums, and IRMAA cliffs. Plus, a year-end checklist to maximize your benefits and minimize taxes.

One of the main benefits of homeownership is building up equity. While that equity can amount to cash in hand when it’s time to sell your house, you can also turn your home’s increased value into cash ...

But what is available this year are several homeowner tax breaks that don’t require a mortgage. Some are lesser-known ...

The Internal Revenue Service and the Treasury have issued guidance for taxpayers to claim the deductions for tips and overtime pay from the One Big Beautiful Bill Act. The two deductions were among ...

The IRS has released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The IRS has released its guidance for the “no tax on tips” and “no tax on overtime” provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year ...