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

Senate plan includes a permanent $2,000 charitable tax deduction for joint filers in the “One Big Beautiful Bill” proposal.

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

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT ...

The ‘SALT’ deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump’s spending package. Here’s what to know.

Claiming the standard deduction is easier, because you don't have to keep track of expenses. The 2023 standard deduction is $13,850 for single taxpayers ($20,800 if you're filing as head of ...

FILE - Money is donated for out of work musicians on March 18, 2021, in New York. At tax time, the three biggest potential deductions for most people are mortgage insurance, charitable donations ...

For taxable years beginning in 2025, the standard deduction for an individual who may be claimed as a dependent by another taxpayer is the greater of $1,350 ($1,300 in 2024, $1,250 in 2023, $1,150 ...

2021 Standard Deductions. Filing Status 2021 Basic Standard Deduction 2021 Additional Standard Deduction (65 or Blind) Single: $12,550: $1,700: Married Filing Jointly: $25,100: $1,350: ...

In 2021, the standard deduction is: $25,100 for married joint filers; $12,550 for single taxpayers or married separate filers; $18,800 for heads of household; ...

For 2021, the standard deduction is $12,550 for single filers and $25,100 for married couples filing jointly. For 2022, it is $12,950 for singles and $25,900 for married couples.