President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.
The Union Budget 2026 has not changed the standard deduction limits, but it remains one of the most important tax breaks for ...
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
Wondering what tax relief you qualify for? Learn about IRS tax relief programs, credits, deductions and payment options based ...
Union Budget 2026 introduces a new Income Tax Act from April 1, 2026, with simplified rules. Key changes include reduced TCS rates on overseas tour packages and LRS remittances for education/medical.
Market Realist on MSN
Seniors who receive Social Security benefits to get a 'bonus' tax deduction — key details
The bonus reduction will add $670 to the after-tax income of seniors on average.
The 2026 tax filing season is underway, and major changes approved by Congress last year could mean larger refunds for many ...
Young and the Invested on MSN
New standard deduction for 2026: How much will your taxable income be lowered? (Young and the Invested)
Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...
OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.
Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.
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