President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

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 ...

State revenue officials updated the guidance, saying most people should be OK using the current forms only if they take the ...

Bottom line, it means the largest tax cuts in history. Since these cuts are retroactive to 2025, the average refund is ...

Middle-class retirees may qualify for powerful tax deductions in 2026. These seven strategies can lower taxable income and ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS.

Standard Deduction EXPLAINED: When it comes to understanding your income tax liability in India, one simple and often overlooked tool that can significantly reduce your tax payable is the standard ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...