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Project 2025’s planning apparatus has been funded largely by a small set of wealthy conservative family fortunes and by donor-advised funds routed through major financial firms, with reporting indicat...
Starting in 2026 the IRS’s finalized guidance shifts how many non‑spouse beneficiaries must take inherited IRA distributions: most non‑eligible designated beneficiaries will be subject to a 10‑year ru...
Nine states still tax at least some Social Security benefits as of the 2025 tax year, though the rules differ widely by state and income; West Virginia is completing a legislated phase‑out so it will ...
The 2025 law creates a temporary, per-person $6,000 “senior” deduction for taxpayers age 65+ (effective 2025–2028) that phases out beginning at $75,000 of modified adjusted gross income (MAGI) for sin...
The IRS published inflation-adjusted federal income tax brackets and numerous MAGI-based phaseouts and contribution limits for tax year 2026; key MAGI thresholds that reporters and advisors highlight ...
The RMD formula remains: divide your prior-Dec‑31 account balance by an IRS life‑expectancy/distribution period factor from Publication 590‑B (Uniform Lifetime, Joint and Last Survivor, or Single Life...
The IRS finalized inherited-IRA rules after the SECURE Acts that generally force most non-spouse beneficiaries to empty inherited IRAs within 10 years rather than “stretch” over a lifetime; the agency...
Filing as Married Filing Separately (MFS) disqualifies a taxpayer from claiming the new senior deduction created by the 2025 law, and historically MFS filers face far less favorable treatment of Socia...
Dark money — political spending by entities that do not disclose their donors — surged after Citizens United and is a major, growing force in U.S. elections: one analysis finds nearly $2 billion in da...
The IRS raised the Roth IRA contribution limit for 2026 to $7,500 (with a $1,100 catch‑up for those 50+) and moved the MAGI phaseout bands up: single and head‑of‑household filers now phase out at $153...
Federal rules affecting how much of Social Security is taxed at the federal level will change in 2026 (including a new senior deduction and a shift in taxable wage base), and most states already do no...
The 2025 standard deduction amounts reported in contemporary government and policy sources are: $15,000 for single filers (and married filing separately), $30,000 for married filing jointly (and survi...
The One Big Beautiful Bill Act (OBBBA) created a new above‑the‑line cash charitable deduction for 2025 of up to $12,500 per individual ($25,000 for joint filers) that begins to phase out for taxpayers...
For tax year 2025 (returns filed in 2026) the baseline standard deduction rose from 2024 levels and the extra standard deduction for those age 65 or older (and/or blind) increased modestly — to $2,000...
For most savers, 2025 is a pivotal year for Roth conversions because the RMD starting age moved to 73 and Congress’s 2025 tax changes (the “One Big Beautiful Bill” or similar packages) locked in lower...
Seven states are expected to tax at least some Social Security benefits in 2026: Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah and Vermont; West Virginia completes a phase‑out in 202...
The largest published analyses say Project 2025’s financial backbone is a mix of billionaire family networks, donor-advised funds at major financial firms, and hundreds of conservative nonprofits — wi...
There are no legitimate U.S. $5,000 federal bills featuring Donald Trump in circulation; novelty “Trump $5,000” bills and gold-plated collector notes exist for sale online on marketplaces like eBay an...
The IRS has not published a new set of RMD life‑expectancy “distribution factors” that take effect for 2026; RMDs are still calculated by dividing your prior‑year Dec. 31 account balance by a life‑exp...
Yes. Contributions to a donor-advised fund (DAF) made in 2025 can be deducted in 2025, and any portion that exceeds the charitable deduction limits may be carried forward under existing carryforward r...