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.
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.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
The Trump administration has ushered in a wave of tax changes which will cause significant updates to what Americans owe.
The income-tax slabs relevant for Assessment Year 2026-27 remain the same as those announced in Union Budget 2025.
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