Tag

#OBBBA

6 articles

The 2026 Charitable Deduction Rewrite: A New $1,000 Break and a Quiet Haircut

Starting in 2026, non-itemizers can deduct up to $2,000 in cash gifts without itemizing — but a new 0.5%-of-AGI floor quietly reduces the break for itemizers.

Sujit Karki·Aug 14, 2026·5 min read

Personal Finance

The $40,400 SALT Cap Is a Five-Year Window — Here's Who Actually Benefits

The OBBBA raised the SALT deduction cap to $40,400 for 2026, but a 30% phase-down above $505,000 MAGI claws it back. Here's the real math on who benefits.

Sujit Karki·Aug 14, 2026·5 min read

Personal Finance

The $10,000 Car-Loan Interest Deduction Is Real — But It Probably Won't Save You $10,000

OBBBA's new above-the-line auto loan interest deduction runs through 2028. Here's who qualifies, the income phase-out, and what it's worth against record car prices.

Sujit Karki·Jul 30, 2026·8 min read

Side Hustles

The $20,000 1099-K Rule Is Back: What Side Hustlers Actually Have to Report in 2026

The 1099-K threshold reverted to $20,000 and 200 transactions under the One Big Beautiful Bill Act. Here's what that really means for your Venmo, eBay, and Etsy income — and the tax you still owe.

Sujit Karki·Jul 24, 2026·8 min read

Personal Finance

No Tax on Tips and Overtime Is Real for 2025 — Here's How to Actually Claim It

The One Big Beautiful Bill created deductions of up to $25,000 for tips and $12,500 for overtime. Here's who qualifies, the phase-outs, Schedule 1-A, and a calculator.

Sujit Karki·Jul 23, 2026·4 min read

Personal Finance

The July 2026 Student Loan Payment Shock: What RAP Actually Means for You

SAVE is dead and RAP is live as of July 1, 2026. It's real relief for low earners — and often a longer, costlier road for everyone else. Here's how to actually pick a plan before one gets picked for you.

Sujit Karki·Jul 20, 2026·8 min read