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Three-Thousand Dollar Tax Break Vanishes as 2026 Eliminates Popular Deductions

Taxpayers planning for 2026 should prepare for significant changes to the federal tax landscape, as the Biden administration’s proposed reforms include the elimination of several popular deductions that have historically provided substantial relief. Among these is a widely utilized $3,000 deduction for charitable contributions, which is set to disappear under new tax policies aimed at...
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Potential $1,000 Monthly Cost Increase if ACA Tax Credits End

Recent policy discussions and legislative proposals threaten to significantly alter Americans’ healthcare affordability, with estimates suggesting that ending the current Affordable Care Act (ACA) tax credits could lead to an average monthly increase of approximately $1,000 in healthcare costs for many households. These tax credits, initially introduced to reduce premiums for millions of Americans, have...
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