News

The 'Stealth Tax' Eroding Your Wallet
According to a recent survey, Americans are spending $12.2 billion more per month since the start of the year.
College endowment tax is leading to hiring freezes, could mean cuts in financial aid
A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S.
Fewer Than 9% of Tax Filings Can Use the New 'No Tax on Overtime' Rule
Workers who receive overtime pay can deduct only the pay that exceeds their typical rate, saving an average of $1,440 ...
Retirees Should Watch These Four Key Tax Changes in 2025
For 2025, single filers can claim a standard deduction of $15,750, while married couples filing jointly can claim a standard ...
The truth about ‘no tax on tips’ is not every service worker gets a break. Here’s what we know about who might make the list.
One month after President Trump’s “no tax on tips” campaign pledge became the law of the land, there’s still a big question ...
Massachusetts collected $2 billion more in tax revenue than expected because of millionaires tax
Total revenue collections for fiscal year 2025 totaled approximately $43.7 billion, which is $2.9 billion, or 7.1 percent, ...
Maryland's Tax-Free Week is in effect. Here's what to know.
Maryland's Shop Maryland Tax-Free Week is underway, giving shoppers the chance to purchase certain items without paying the state's 6% sales tax.
Massachusetts state tax collections rose 7.1% last fiscal year
Amid months of hand-wringing about the state’s financial footing, Massachusetts ended the most recent budget cycle with tax ...