Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

The new "Trump tax bill," as the BBB is also called, raises each of the 2025 standard deduction amounts from anywhere between ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...

While individuals with Donor Advised Funds stepped up during COVID and the subsequent financial downturns in 2022, and large ...

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 ...

Social Security beneficiaries receiving payments in 2026 can expect about $56 more every month, a new tax deduction that will lower seniors' taxes, and modernization updates to the agency.

With major tax law changes from the new OBBBA, now is the time to align your business and personal strategies for maximum ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...