Tax Breaks
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SALT Deduction 2025: Three Things to Know Now
Tax Deductions Changes to the state and local tax (SALT) deduction in the so-called 'One Big Beautiful Bill' have this tax break in the spotlight.
By Kelley R. Taylor Last updated
Tax Deductions -
2025 Family Tax Credits: Four IRS Changes That Can Save You Money
Tax Credits Explore the new IRS-adjusted amounts for popular family tax credits.
By Gabriella Cruz-Martínez Last updated
Tax Credits -
Here's How the Child Tax Credit 2025 Amount Is Increasing Under Trump
Tax Credits President Trump’s ‘One Big, Beautiful Bill’ changes the federal child tax credit. Here's how.
By Gabriella Cruz-Martínez Last updated
Tax Credits -
What's the Standard Deduction for 2025? Changes You Need to Know
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor Last updated
Tax Breaks -
2025 Standard Deduction Changes Under New Trump Tax Bill
Tax Breaks What is the standard deduction for your filing status in 2025?
By Kate Schubel Last updated
Tax Breaks -
What’s Happening With Taxes on Overtime Pay?
Income Tax Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
By Kelley R. Taylor Last updated
Income Tax -
New 'No Tax on Tips' Bill Approved for 2025: What to Know Now
Income Taxes Will you stop paying taxes on your tip income this year?
By Kelley R. Taylor Last updated
Income Taxes -
Elon Musk and Most Taxpayers Don't Like What's in Trump's 'Big Beautiful Bill'
Tax Policy President Trump is betting big on his newest tax cuts, signed into law on July 4. But not everyone is on board.
By Kelley R. Taylor Last updated
Tax Policy -
The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor Last updated
Tax Deductions