The One Big Beautiful Bill Act introduced a new deduction called No Tax on Overtime for the 2025 tax filing season.
OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.
The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get back. Deductions lower the portion of your income that's taxed, while ...