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American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize. By Ann Carrns Thinking about donating to your favorite charity before the ...

Christine Benz: Hi, I’m Christine Benz for Morningstar. People who are 65 and older may be able to take advantage of a new senior deduction starting in 2025. Joining me to discuss what you need to ...

As software systems grow more complex and AI tools generate code faster than ever, a fundamental problem is getting worse: Engineers are drowning in debugging work, spending up to half their time ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...

Believe it or not, emotional reasoning is neither rare nor uncommon. It is present when we feel jealous and conclude that our partner is cheating on us, with no reason or evidence to back this ...

The IRS has announced adjustments to its standard deduction and tax brackets that will apply to your tax returns filed in 2027. The annual inflation adjustments for tax year 2026 come amid the ongoing ...

The Tax Court, for public policy reasons, denied a taxpayer a passthrough loss deduction for his wholly owned S corporation’s loss related to the seizure of funds from the corporation due to the ...