President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...
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 2018 Tax Act created a new deduction for qualified business income earned by an individual. The basic deduction is 20% of ...
Homeowners are rightfully concerned that tax refunds may be delayed due to the government shutdown—but that might not be the problem.
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.
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
Here's a look at some of the most commonly assumed tax breaks that either no longer exist or simply don't work the way people expect any more.
The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the many provisions of President Trump’s signature One Big Beautiful Bill Act.
The One Big Beautiful Bill Act raises the SALT deduction cap starting in 2025, potentially increasing tax refunds for many ...
The 2026 tax filing season officially kicked off this week, with several new changes to tax law as provisions of the One Big ...
Now that filing season for 2025 taxes is underway, it’s time to get a leg up on next year's return. That’s especially true for retirees.