Introduction The middle class is often the focal point of federal tax reform and Trump’s 2025 tax bill is no exception. Designed to offer relief through lower income tax...
Introduction One of the most talked-about provisions in Donald Trump’s 2025 tax proposal is the proposed increase to the SALT deduction cap a move that could significantly benefit taxpayers...
Introduction Donald Trump’s 2025 tax proposal introduces some of the most significant personal tax changes in recent years. If passed, this legislation could reshape how much you owe (or...
(Tax Year 2024 – Filed in 2025) Overview Retirement contributions are a key part of many W-2 employees’ compensation packages. These contributions whether to a 401(k), 403(b), 457(b), or...
(Tax Year 2024 – Filed in 2025) Overview Box 12 on Form W-2 contains a series of codes and dollar amounts that report non-wage compensation, pre-tax benefits, and retirement...
(Tax Year 2024 – Filed in 2025) Overview As a W-2 employee, your paycheck may include various deductions taken out for benefits or contributions. These deductions are categorized as...