Understanding how your retirement income is taxed: It’s more complicated than you realize
Understanding Retirement Taxes: What You Should Know You might have a clear picture of your retirement savings, but what about the taxes you’ll face during retirement? Ryan Tucker, a financial advisor and the leader of BOSS Retirement Solutions, emphasizes the importance of knowing your potential tax liabilities. “If you’re unaware of the tax amount on […]
Understanding how retirement income is taxed: It’s more complex than you realize.
You likely have a good grasp of your retirement savings. But have you considered how much you’ll owe in taxes once you retire? “Understanding your tax liability on savings and investments is crucial for knowing your spending power in retirement,” explains Ryan Tucker, a financial advisor and president of BOSS Retirement Solutions. “This figure is […]
How Student Loan Forgiveness Will Be Taxed in 2026
Important points The tax-exempt status for student loan forgiveness is set to end in 2025. This implies that borrowers receiving forgiveness in 2026 should brace for potential tax obligations. However, those qualifying for forgiveness before the end of 2025 won’t face tax charges, even if their discharge occurs in 2026. If your federal student loans […]
Understanding how retirement income is taxed: It’s more complicated than you realize
Understanding Retirement Taxes While you might have a good grasp of your retirement savings, how well do you understand the taxes you’ll face when you retire? “You can’t truly know how much you can spend in retirement if you’re uncertain about your tax obligations on those savings and investments,” says Ryan Tucker, a financial advisor […]
IRS agents will have to monitor OnlyFans under new law about tips not being taxed.
IRS employees are now expected to view adult content on OnlyFans to determine if it qualifies for a tax exemption under the “tip tax exemption” law, part of President Donald Trump’s Big Beautiful Act, which was enacted on July 4, 2025. This legislation aimed to encourage tipping by cutting taxes, but it explicitly states that […]
Ray County woman receives tax relief after being taxed for a non-existent basement.
Property Tax Relief for Teresa Blakeman Teresa Blakeman is set to receive some much-needed property tax relief after being taxed for nearly two decades on a basement she never actually owned. This situation came to light when Blakeman was in the process of purchasing home insurance. She discovered an error in her property tax assessment […]
Understanding how retirement income is taxed: It may be more than you realize.
Understanding Taxes in Retirement You likely have a handle on your retirement savings, but do you know what your tax obligations will look like once you retire? “Not knowing the tax implications of your savings and investments can lead you to underestimate your spending power in retirement,” notes financial advisor Ryan Tucker, who leads BOSS […]
Universities Should Have Endowments Taxed, Lose Federal Funding
On Thursday's Fox News Channel's “Ingraham Angle,” Sen. Josh Hawley (R-MO) argued that donations should be taxed to the university and that “these people should not get federal funds.” While discussing Columbia University, Holy said: “By the way, do you know what we should do? We tax their contributions. These universities are huge hedge funds […]
Malliotakis challenges Dems to work with GOP on SALT deduction after Trump pledge as NY taxed ‘to death’
Representative Nicole Malliotakis accused House Republicans of overtaxing New Yorkers in the first place and called on Democrats to help expand state and local tax credits. Malliotakis (R-N.Y.), a member of the House Ways and Means Committee that crafts tax law, was among the Republicans who met with President-elect Donald Trump at Mar-a-Lago on Saturday […]
Harris’ critics sound off after VP is endorsed by IRS-affiliated union: ‘Get ready to be taxed to death’
Social media users warned that a major IRS labor union's recent endorsement of Vice President Kamala Harris was a serious red flag. The National Treasury Employees Union, a labor union that represents a range of federal employees, including IRS employees, released a statement this week praising Harris for increasing the IRS's budget and endorsing her […]