The "One, Big, Beautiful Bill" seeks to make the 2017 tax cuts permanent and expand them further. Standard deductions would ...

A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...

Retirees also have reason to pay attention. The Senate bill includes a larger senior tax deduction — $6,000 per eligible ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

For the 2024 tax year, the standard deduction ranges from $14,600 to $29,200, depending on your filing status. Deduct your property taxes in the year you pay them.

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...