News

9 Helpful Tax Deductions You Can Legally Claim Without Having Receipts

No receipt? No problem. These deductions don't need a "proof of purchase" to be claimed once tax season comes around. Read on ...
MONTCO Today on MSN

DunlapSLK Explains How OBBBA’s New SALT Deduction Limits Could Reshape Your Tax Planning

The One Big Beautiful Bill Act (OBBBA) makes temporary changes to the federal deduction for state and local taxes (SALT), ...

IRS Updates Rules on 401k Catch-Up Contributions for Older Workers

The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...

5 Retirement Income Streams That Won’t Trigger a Bigger Tax Bill

Taxes can take a bite out of your retirement income. Learn what income streams can help you avoid a big tax bill and smart ...
Money Talks News on MSN

What the ‘Big Beautiful Bill’ Means for Your Money, Taxes and Retirement

Let’s say you pay $22,000 in property taxes and another $14,000 in state income taxes. Under the old rules, you could only deduct $10,000 of that — period. Now, that cap has been temporarily raised, ...

Senior citizen investor asks: How do I maximise pension and FD income without paying extra tax?

For Assessment Year (AY) 2025-26, income tax regulations provide specific reliefs and benefits for senior citizens (aged ...

No Longer Young, and Now Laid Off: 5 Ways to Protect Your Finances

When you’re over 50 and suddenly unemployed, priorities will switch to paying bills over saving for retirement. Here are ways ...

Income Tax law for senior citizens and super senior citizens: What’s new for AY 2025-26

A senior/super senior citizen may submit declaration in Form No. 15H to the deductor for non-deduction of TDS to the effect ...
MarylandReporter.com

Modified Adjusted Gross Income Explained: How It Works and Why It Matters

If you’ve ever stared at a tax form and wondered why the same year produces two different “income” numbers, you’re in good ...