An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a ...

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate ...

President Donald Trump's tax bill, signed into law July 4, reduces how much in losses a gambler can deduct. Here's how the ...

After narrowly squeaking through the House on Thursday, the "big, beautiful bill" now heads to the president's desk for his ...

The "big, beautiful bill" features a new tax break for older Americans who pay taxes on Social Security income. But there's a ...

Because these deductions reduce your taxable income, they're the most beneficial for people in the highest tax brackets. A $1 ...

The US Social Security Administration has been condemned after they sent out an email following President Trump signing his ...

"If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to ...

Size of the tax break: Under the Senate version, the maximum bonus deduction would be up to $6,000 for those 65 and older. Tax filers could claim this deduction on top of the standard deduction ...