The new "Trump tax bill," as the BBB is also called, raises each of the 2025 standard deduction amounts from anywhere between ...
The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.
For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The tax-and-spending bill includes several provisions that could have significant effects on your tax refunds come April – ...
The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...
This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...
The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.
Many taxpayers might miss these valuable tax deductions and credits for 2026, from HSA contributions to the new senior ...