Faculty in the News: Thomas Spade

New tax changes could mean bigger returns for seniors and service workers

Thomas Spade, senior instructor of accounting, was quoted in a recent WCIV ABC News 4 report explaining how new federal tax provisions could significantly benefit seniors and tipped workers. Spade highlighted a new $6,000 deduction for seniors earning under $75,000, noting it may eliminate taxes on Social Security income for many retirees, while also providing context on how the legislation is funded and its broader economic implications.