Ashlea Ebeling

2 weeks ago | wsj.com | Ashlea Ebeling |Ben Eisen

Back by popular demand—more questions from the final round of a high school personal-finance competitionWe recently published a quiz using questions from a high school personal-finance competition. Readers gave us feedback loud and clear: More questions, please. Now, we are publishing the rest of the questions from the final round of the Council for Economic Education’s National Personal Finance Challenge.

1 month ago | wsj.com | Ashlea Ebeling |Richard Rubin

House bill’s proposed $4,000 senior deduction falls short of eliminating taxes on Social Security benefits altogetherPresident Trump promised to eliminate taxes on Social Security benefits. Instead, the House tax-and-spending bill includes a half measure. The legislation passed by the House last week would give seniors a temporary extra deduction of $4,000, which would lower taxes for many of the people Trump was targeting with his pitch.

1 month ago | advisorstream.com | Ashlea Ebeling |Richard Rubin |Ron Phillips

By Ashlea Ebeling and Richard Rubin May 23, 2025 Republicans’ giant tax and spending bill aims to give people a bigger break for taxes they pay to state and local governments, but not everybody will benefit. The bill, which the House passed early Thursday, would let some people deduct up to $40,000 on their federal returns for the money they pay in property taxes on their homes, and state income or sales taxes.

1 month ago | wsj.com | Ashlea Ebeling |Richard Rubin

A single high-earner might get a boost, but a modest-income married couple might notRepublicans’ giant tax and spending bill aims to give people a bigger break for taxes they pay to state and local governments, but not everybody will benefit. The bill, which the House passed early Thursday, would let some people deduct up to $40,000 on their federal returns for the money they pay in property taxes on their homes, and state income or sales taxes.

1 month ago | wsj.com | Ashlea Ebeling |Oyin Adedoyin

Tax-preferred savings accounts that come with seed money are among the ideas being discussed in House tax billThe Republican tax bill that is being discussed Tuesday in the House Ways and Means Committee proposes a new savings account for young children that comes with $1,000 in seed money from the government. What is the proposal? ​​It is a new tax-preferred savings account for children called the “money account for growth and advancement,” or MAGA account.