Browsing: Tax

Before deciding to withdraw money from their Thrift Savings Plan (TSP) accounts, TSP participants are advised to be aware of the tax rules associated with TSP…

What is a tax advisor? A pro to optimize your taxes Source link

There are two big winners for the $1.787 billion Powerball jackpot — and one could face a bigger tax bill.Winning tickets sold in Missouri and Texas…

Roughly $198.3 million goes straight to the IRSThe Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding…

A Social Security Administration (SSA) office in Washington, DC, March 26, 2025.Saul Loeb | Afp | Getty ImagesPresident Donald Trump’s “big beautiful bill” provides relief to…

President Donald Trump arrives to speak on his plan to end tax on tips in Las Vegas, Jan. 25, 2025.Mandel Ngan | Afp | Getty ImagesWho…

Sinology | Moment | Getty ImagesA federal tax break for consumers who buy or lease electric vehicles will disappear after Sept. 30. However, consumers may have…

The used EV tax credit is going away. Should you still buy one? Source link

dowell | Moment | Getty ImagesWith the stock market hovering near record highs, you may have large profits sitting in a taxable brokerage account. Upon selling, you could…

Damircudic | E+ | Getty ImagesDelayed loan relief may trigger a new ‘penalty’The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end…