The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

Millions could be eligible for Trump's "no tax on tips" deduction for the upcoming tax season. But some workers won't benefit ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of its annual inflation adjustments. For 2026, the additional standard ...

Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...