Net Investment Income Tax: Impact on High-Net-Worth Portfolios
When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...
Congress wants to kill two education tax credits. That would cost American students billions in lost benefits
The GOP leadership in the House has proposed eliminating two education tax credits to save the government $85 billion over 10 ...
Student loan borrowers can get a tax break worth up to $2,500—see who qualifies
If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.
How does student loan interest affect your tax return in 2025? What you need to know
With tax season right around the corner, it is necessary to know our income and expenses and how they affect our tax return.
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Child Tax Credit: Guide to requesting support from the IRS
The Child Tax Credit (CTC) remains a vital financial relief for families with children under 17 in the United States. As we ...
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IRMAA 2025 For Medicare: What You Need To Know
MAGI is calculated based on the following information: A person’s adjusted gross income (AGI) on their federal tax return, which is calculated by subtracting allowed adjustments, such as ...
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6 Tax Benefits for New Parents
While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...