The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
Master tax filing. Learn about primary forms, supplementary schedules, special situations, miscellaneous forms, and more.
The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for being ...
With just hours left in 2025, some quick steps could help taxpayers keep more money in their pockets. Sikich tax expert Bryan Lake said charitable giving is one option to consider before the year ends ...
A new federal tax bill could provide New Jersey residents with an average of $3,700 in tax savings in 2026. The bill raises the cap on state and local property tax (SALT) deductions from $10,000 to ...
ATLANTA — The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it's worth having the ...
New tax changes under the One Big Beautiful Bill Act will impact how donors can claim charitable deductions starting in 2026. RELATED: Year-end tips from Ask Anna Tax A tax expert, Anna Dilley of Ask ...
Whether you donate cash, property or securities directly or through a donor-advised fund, here’s how to give wisely Written By Written by Staff Money Writer, WSJ | Buy Side Molly Grace is a staff ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Effective January 1, 2026, the One Big Beautiful Bill Act ...
2. A personal deduction for seniors Anyone born before January 2, 1961 and who has a valid Social Security number may now take a $6,000 deduction (or $12,000 if married filing jointly and each spouse ...
With 2025 drawing to a close, the tax landscape looks very different from where we stood just 12 months ago. The passage of the One Big Beautiful Bill Act (OBBBA) has rewritten several key components ...
If you started 2025 with a plan for how much you thought you’d convert to a Roth IRA by the end of the year, the chances are you’re going to end up with a different amount than you had in mind. For ...