Tax Benefits
Taxation of Social Security Benefits Was Not Eliminated
The “One Big, Beautiful Bill Act,” which President Trump signed into law on July 4, has generated questions regarding the issue of benefit taxation. Here are some details that explain the new provision. The taxation of Social Security benefits has…
New Tax Deduction for Qualifying Donations in 2026
Beginning in 2026, as a result of President Trump’s “Big Beautiful Bill” you will be able to write off your charitable donations without having to itemize on your tax return. Singles will be able to write-off up to $1,000 and…
Eliminating 401(k) tax benefits to fund Social Security
We all know the Social Security Trust Fund will be exhausted by 2034 if Congress does nothing, resulting in a 20 percent cut to Social Security beneficiaries, but is there a way to avoid this? According to new research published…