The Trump administration's One Big Beautiful Bill Act (OBBBA) is set to reshape how millions of retirees experience federal taxation-including the 1 million retirees in Missouri who will now see their ...
Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...
The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...
Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Illustration ...
You’ve worked hard all your life, but now it’s time (or almost time) to retire. One of your greatest fears is not having enough money to make ends meet in your golden years. If you don’t have a ...
Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...
Forbes contributors publish independent expert analyses and insights. Joseph J. Thorndike writes about tax history. The state and local tax deduction has been a part of the federal income tax from the ...
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