Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

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 budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

A new tax relief proposal could bring welcome financial breathing room to millions of seniors. The House Ways and Means ...

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know ...

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) ...

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 ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.