Tax deductions introduced in the "One Big, Beautiful Bill" could benefit older and working Americans the next time they file ...

A provision in the recently passed One Big Beautiful Bill (OBBB) provides a little tax incentive for anyone thinking of ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Over 65 additional standard deduction for 2025 For single filers and heads of households age 65 and over, the additional standard deduction increased slightly — from $1,950 in 2024 (returns ...

The agreement in July ended eight years of wrangling by New York political leaders, from both parties, who argued that the $10,000 cap on so-called SALT deductions, established in the 2017 Jobs and ...