Every year, the amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. This chart provides some tax figures for 2025, compared with 2024, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions and more.

The so-called "sharing economy" is growing by leaps and bounds. This can be a great way to make money while achieving a desirable work-life balance. But it's not right for everyone. Here are tips to launching a successful gig venture, along with potential downsides and tax consequences to consider before becoming a full- or part-time gig worker.

Retirement and medical expenses aren't necessarily a good mix for you or your retired employees if the company's pension plan pays defined benefits. Health care costs can take a chunk out of the plan's payments without offering any offsetting tax benefits. A 401(h) plan, however, could be the answer. Continue reading.

1. Taxes can affect your passport

2. Protect your identity this tax season

3. Get a jump on your 2024 tax return

4. Helping someone with tuition?

5. Beware bad tax advice on social media