Millions of taxpayers may soon benefit from a new tax deduction worth up to $2,000 for qualified charitable contributions.

Both the Senate and House versions of the massive tax bill include a hefty new tax break for people aged 65 or older: A new ...

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

The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to follow if you want to claim it.

The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Under Trump’s ‘big bill,’ the Senate Finance Committee has proposed a larger bonus tax deduction for older adults than the ...

While the House tax bill that passed Thursday included "no tax on tips" and "no tax on overtime" provisions, the Social ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...

The standard deduction is substantially less work: You simply fill in the amount of your standard deduction on line 12a of Form 1040 or 1040-SR. State Tax Deductions ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than boosting the state and local tax deduction.