Social Security Benefits Expansion Bill: What It Means for Pensions and Next Steps in Congress
In a significant move, the House is preparing to vote on a bill to expand Social Security benefits by repealing the “government pensions offset,”...
Social Security Increase 2025: How a 2.5% COLA Could Impact Your Budget
With the Social Security increase 2025 set at 2.5%, retirees may see a slight rise in monthly benefits. However, while the Cost-of-Living Adjustment (COLA)...
Trump’s 2025 Tax Proposals: Key Changes That Could Transform U.S. Tax Policy
Trump's 2025 Tax Proposals: The 2024 election cycle has concluded with a strong Republican victory, positioning President-elect Donald Trump to advance his tax reform...
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000
The IRS has announced updated contribution limits for retirement plans in 2025, allowing individuals to save more for their futures. The 401(k) contribution limit...
Form 8990: Limitation on deduction for Business Interest Expense
Form 8990 is a crucial IRS form that helps businesses to calculate their interest expense deductions under the Tax Cuts and Jobs Act (TCJA)....