The new "Trump tax bill," as the BBB is also called, raises each of the 2025 standard deduction amounts from anywhere between ...
For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
In this article, Domain Money outlines tax changes taking effect in 2026. The OBBBA, signed into law on July 4, 2025, ...
Young and the Invested on MSN
‘One Big Beautiful Bill’ tax deductions you may be able claim
Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...
A new tax rule in the 'One Big Beautiful Bill' allows taxpayers to deduct up to $1,000 in charitable gifts starting in January and beyond.
Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.
The 2025 and 2026 rules require donors to itemize their deductions to claim any charitable contribution deductions. Here's what you need to know.
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Social Security Retirees Get a New Tax Break in 2025. Here’s How to Plan For It
President Trump promised that he would eliminate taxes on Social Security benefits. While the President was not quite able to ...
The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. Each ...
Thanks to the TCJA, fewer donors are able to claim tax deductions. But you may be able to turn your generosity into tax ...
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