A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

The tax and IRA expert discusses the higher SALT tax cap, a new senior deduction, and higher retirement-plan contributions ...

Prime Minister Mark Carney’s government rolled out a small set of tax breaks in 2025, drawing mixed reactions over who ...

The Tax Office has transitioned from pandemic-era leniency to large-scale crackdown on many of the strategies Australians use ...

The Hindu Undivided Family (HUF) structure remains one of the most underrated tools for tax planning, despite being fully recognised under the Income Tax Act. CA Nitin Kaushik points out that most ...

Warne case shows split donations trigger minority discounts, reducing estate tax benefits for wealth management clients ...

Retirees often leave money on the table at tax time. Discover 12 overlooked tax deductions that could lower your tax bill and ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

Federal estate and gift tax rules are poised for a major shift in 2026, affecting how much wealth families can transfer ...

Federal tax code overhaul under the One Big Beautiful Bill Act delivers sweeping changes for individuals and businesses, ...

Peter Coughlin of Berkshire Money Management recently wrote a blog post that landed with me: Families do not lose wealth only ...

Dear Liz: What is the best way for us to contribute to our grandchild’s college expenses? I believe federal financial aid ...