Bloomberg recently reported that the Senate Republicans are pursuing an ambitious strategy to dramatically reduce the apparent fiscal impact of their comprehensive tax legislation through a controversial shift in budget scoring methodology. This approach centers on changing how Congress measures the cost of making President Trump’s 2017 tax cuts permanent. Under the traditional budget reconciliation […] The post Critics Warn the Senate Republicans Are Trying Hide True Cost of $3.8 Trillio...| THInc
A key proposal for exempting overtime from taxation could face limitations under the Senate GOP's new bill. This suggests the broad tax break initially envisioned may be scaled back or restricted in its final form. Last month, the House passed the "One Big Beautiful Bill Act," a comprehensive legislative package designed to advance President Trump’s| THInc
Health Savings Accounts (HSAs) stand out as one of the best tax-advantaged retirement accounts available, yet research indicates only 9.6% of Americans own one. For individuals already maximizing their 401(k) contributions, an HSA offers an excellent additional avenue for retirement savings. According to Fidelity's 2024 estimate, a 65-year-old individual may need an average of $165,000| THInc
