The recent passage of the 'Big Beautiful Bill Act' by the U.S. House, backed by President Trump, increases the standard ...

The proposed fiscal package by former President Trump offers a significant tax relief for seniors, with an additional ...

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 ...

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

Susan is blind; Jim is not. For 2024, they’ll get the regular standard deduction of $29,200 for a married couple filing jointly. They also both get an additional standard deduction amount of $ ...

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

For tax year 2024, the standard deduction is $29,200 for married couples filing jointly and $14,600 for single taxpayers and married individuals filing separately. Married taxpayers who are 65 and ...

The standard deduction for tax year 2024 is $14,600 if you're single or married filing separately, $21,900 for head of household, and $29,200 for married couples filing jointly or qualifying ...

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