News

Social Security income tax deduction clears critical hurdle
Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who benefits.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out ...
Some homeowners could get a fat deduction under the new GOP tax bill. Here's what to know.
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.
House GOP bill proposes a number of new tax cuts. Here's how that could impact your money.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...
Standard vs. itemized deductions: Which should you take?
Taking deductions when filing your taxes can reduce the amount you owe. But there are two different ways to claim deductions, and the one you choose can impact how much you save.
The Daily Signal10dOpinion
Too Much SALT Could Ruin the ‘One Big, Beautiful Bill’
President Trump’s “one big, beautiful bill” could be in jeopardy due to a major disagreement over SALT, the state and local ...
Committee for a Responsible Federal Budget12d
Ways & Means Draft Could Add $5 Trillion to Deficits
At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...
Yahoo Finance27d
Standard vs. itemized deductions: Which should you take?
as overlooking it in favor of simplicity could "leave a significant amount of money on the table for Uncle Sam," said CNBC Select. Because of these differences, "claiming the standard deduction is ...