The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

Income Tax 2026 LIVE updates: Union finance minister Nirmala Sitharaman has begun presenting the Union Budget 2026-27 in the ...

Due to several major tax rule changes, your 2025 return might feel unfamiliar even if your income looks the same.

Tightening eligibility by lowering the Stay NJ income cut-off was considered when the law was first negotiated. Because really, some argued, are retirees who earn close to half a million bucks going ...

A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...