On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States ...

The president's tax bill brings charitable donation write-offs 'above the line,' allowing even filers who use standard over ...

Several provisions of Trump's bill are poised to be retroactive to 2025 or take effect in 2026, and they may shift how ...

According to tax pros, itemizing generally makes sense only if your itemized deductions add up to more than the current standard deduction of $13,850 for a single filer and $27,700 for a married ...

Itemized deductions and the standard deduction are two options that taxpayers can choose when filing their tax returns. The choice affects how much taxable income is reduced, potentially ...

Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable ...