The One Big Beautiful Bill Act raises the SALT deduction cap starting in 2025, potentially increasing tax refunds for many ...

Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...

The 2026 tax filing season is underway, and major changes approved by Congress last year could mean larger refunds for many ...

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.

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

Are medical premiums tax deductible? You may be able to deduct your health insurance premiums if you are self-employed and ...

A bill by Sen. David Suetterlein to make permanent the current standard deduction was continued on to the 2027 session by the Senate Finance and Appropriations Committee Tuesday. The state Senate ...

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, ...

As a taxpayer, you pay tax as a percentage of your income in layers called tax brackets, according to the IRS. Here’s a look at the brackets for the 2025 tax year: ...