Trump’s new No Tax on Tips legislation is sparking mixed feelings among servers and restaurant industry insiders.

The new "no tax on tips" deduction will benefit just about 3% of all tax filers, saving them, on average, almost $1,400.

The One Big Beautiful Bill (OBBB) signed by President Donald Trump introduces significant tax code changes, offering new ...

Federal income tax is progressive, meaning those with higher incomes pay a higher tax rate. Those who earn more, in turn, owe more taxes and would see more savings from the proposal.

Another crucial tax benefit for new parents is the Earned Income Tax Credit (EITC), which can offer significant savings, particularly for lower to moderate-income households.

A health savings account (HSA) lets you set aside pre-tax money for medical costs. Most high-income earners cannot deduct medical expenses because they must exceed 7.5% of their adjusted gross ...