If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

An above-the-line deduction for charitable giving is in available for non-itemizers in the 2026 tax year and beyond.

Given that inflation is "officially" hovering around 3 percent per year, a 2.8 percent boost in cost-of-living adjustment (COLA) for 2026 is good news. This follows a 2.5 percent increase in 2025. The ...

H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

A new, $4,000 'bonus' deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed in May. AARP's Nancy LeaMond says the group ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

There are several tax law changes that can help defray the cost of owning - or selling - a home. Here's what to know.

President Donald Trump’s new tax bill cuts the income tax liability for many Americans. Altogether, roughly 40% of U.S.

Tax filers who choose the SALT deduction must forgo the standard deduction — which the new law raises by $750 for tax-year ...

"You give a mouse a cookie, it will want a glass of milk. You give an American consumer a stimulus check, they will spend it, ...

In this episode of Tax Notes Talk, Tax Notes reporters recap some of the most memorable stories they encountered in 2025, ...