Jan 9, 2026 · WASHINGTON — Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025. Jan 9, 2026 · WASHINGTON — Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025. The once temporary American Opportunity Credithas now been made permanent. Depending on income and filing status, taxpayers who pay college-related costs for themselves, a spouse, a child, or another dependent can receive a credit for up to $2,500 in tuition and related expenses, such as course materials. Here's how it works: You get a credit for 1... The once temporary American Opportunity Credithas now been made permanent. Depending on income and filing status, taxpayers who pay college-related costs for themselves, a spouse, a child, or another dependent can receive a credit for up to $2,500 in tuition and related expenses, such as course materials. Here's how it works: You get a credit for 1... The SECURE Act and SECURE Act 2.0 have created several tax -law changes for retirement plans. Here are the highlights: 1. The SECURE Act raised the minimum age of RMDs from 70.5 to 72 for anyone who turns 70.5 after 2019 and the SECURE Act 2.0 again raised the age to 73 in 2023 and 75 in 2033. Those with traditional IRAs can now make contribution... The meaning of SHOCKING is extremely startling, distressing, or offensive. How to use shocking in a sentence. SHOCKING definition: causing intense surprise, disgust, horror, etc.
