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EXPLAINER: What is the 20% tax interest income on time deposits and how does it work?
A new tax system, which now has a flat rate of 20% tax on interest earned on time deposits, is being criticized by the public. This came after President Ferdinand "Bongbong" Marcos approved the ...
Here's How Trump's Tax Bill Will Affect Social Security Taxes
The "big, beautiful bill" provides a deduction, but doesn't eliminate the federal tax on Social Security. On July 4, President Donald Trump signed the "big, beautiful bill" into law, marking his ...
Ask the Editor, July 18: Questions on the $6,000 Senior Deduction
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on the new $6,000 ...