Taxes & Filing

24+ min ago   (415+ words) The House Ways and Means Committee voted 38-5 to restore full deductibility, a move estimated to cost the federal government $2 billion over a decade. The House Ways and Means Committee just overwhelmingly approved a provision that would let gamblers deduct 100% of…...

59+ min ago   (348+ words) Gross property tax levies across Wisconsin collectively grew by 5.8% on December 2025 tax bills, easily outpacing inflation as the largest increase in nearly two decades. This gross figure includes all levies imposed by all local governments and school districts in Wisconsin,…...

4+ hour, 6+ min ago   (296+ words) The 10-year Treasury is around 5% while federal debt held by the public is roughly the size of the entire U.S. economy. That changes the debt conversation. As old low-rate debt gets refinanced at higher rates, interest expense rises. If large deficits…...

4+ hour, 22+ min ago   (400+ words) It’s an interesting line of reasoning, to say the least. The current benefit formula was adopted in 1977 and was designed to keep the replacement rate of benefits — the benefit in retirement as a share of average earnings while working — stable....

3+ hour, 21+ min ago   (472+ words) A single IRS form that reports zero tax owed can permanently seal a gift's valuation from future audit, yet most families never file it, leaving a window open that the government can crawl through decades later. Life After Work desk....

5+ hour, 13+ min ago   (666+ words) The IRS can charge a penalty for income that did not exist yet, and the math behind it is perfectly legal. One obscure tax form rewrites the calculation entirely, but most preparers never file it. Life After Work desk. Editor:…...

14+ hour, 28+ min ago   (279+ words) Dreaming of relocating to Arizona in retirement? Turns out it's substantially cheaper to rent than it is to own a home in the most popular destinations. That said, some areas still have pricey monthly rent which can easily rival a…...

2+ hour, 47+ min ago   (176+ words) Here’s how the federal tax brackets actually work, plus a real-life example....

3+ day, 9+ hour ago   (419+ words) Allegheny County leaders are eyeing a potential sales tax increase to help pay for decades of bad investments that have left the county's pension fund on the brink of insolvency, but they'll need help from Harrisburg to make it happen....

21+ hour, 3+ min ago   (1655+ words) President Donald Trump's campaign promise, "Seniors should not pay taxes on Social Security — and they won't," was upheld in the One Big Beautiful Bill Act, which introduced new tax deductions for retirees based on income eligibility — sort of. JPMorgan sees…...