New 401(k) Rule for High Earners Over 50 Nears Effect
A new 401(k) rule effective in 2026 will require high earners over age 50 to make catch-up contributions on an after-tax Roth basis.
#Retirement Planning#401(k)#Tax Policy
#Tax Policy
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Florida Tax Watch Details Five Property Tax Relief Options
Florida Tax Watch, a non-partisan research group, has released five distinct proposals for property tax reform as lawmakers prepare for the next session.
#Florida Politics#Property Tax#Tax Policy
US Unveils $1M Gold Card and $5M Platinum Card for Residency
The U.S. has announced a $1 million Gold Card for permanent residency and a $5 million Platinum Card offering significant tax benefits on foreign income.
#US Immigration#Golden Visa#Tax Policy
New 401(k) Roth Rule for High Earners Starts in 2026
Starting in 2026, a new IRS rule will require high earners to make 401(k) catch-up contributions to post-tax Roth accounts, impacting retirement strategies.
#Retirement Planning#401(k)#Tax Policy
New SALT Tax Cap Proposal Could Save CA Homeowners Thousands
A proposal to raise the federal SALT deduction cap to $40,000 could offer major tax relief, with nearly 75% of California homeowners potentially benefiting.
#Tax Policy#California#Real Estate
HMRC Confirms No Reversal on Pension Lump Sum Withdrawals
HMRC is set to confirm that pension savers cannot reverse tax-free lump sum withdrawals, ending a 30-day cooling-off period option amid a surge in withdrawals.
#Pensions#HMRC#UK Economy
IRS Lists Nearly 70 Jobs for New Tip Tax Deduction Rule
The IRS has released proposed guidance for a new tax deduction on tip income, identifying nearly 70 professions that may qualify under the new law.
#IRS#Tax Policy#Personal Finance
Nevada's New Tip Tax Law Creates Confusion for Workers
Tipped workers in Nevada are discovering a new tax law is a deduction, not an exemption. The provision has key limits, including a $25,000 cap and an expiration date.
#Tax Policy#Labor#Nevada
IRS Rule Allows Tax Deductions on Tips for 68 Job Types
The U.S. Treasury has released a list of 68 jobs, including casino and digital workers, now eligible for a tax deduction of up to $25,000 on tip income.
#Tax Policy#IRS#Labor Economy
US Health Insurance Costs May Rise Over 75% in 2026
Millions of Americans face a potential health insurance premium increase of over 75% in 2026 as pandemic-era ACA tax credits are set to expire.
#Health Insurance#Affordable Care Act#US Economy
New Law Offers Tax Break on Tips for Service Workers
A new federal law introduces a temporary tax deduction of up to $25,000 on tipped income for service workers, but it includes income limits and strict reporting rules.
#Tax Policy#US Economy#Labor