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

The Senate's "big, beautiful bill" includes a $6,000 tax deduction for Americans 65 or older, reducing the tax burden for millions of seniors — though not necessarily the lowest-income ones.

A provision in the tax and spending bill passed Thursday in the U.S. House could quadruple a key tax deduction for property owners.

The new deduction, in addition to the extension of the 2017 GOP-passed tax cuts and other changes in the megabill, would reduce the total taxation of benefits by about $30 billion annually, the ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by $6,000 from 2025 through 2028.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

The One Big Beautiful Bill, or OBBB, introduced a new “senior deduction” for taxpayers who are at least 65 years old. The new deduction has repeatedly been referred to as a “bonus ...

The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax year.

Is there still tax on Social Security in Trump’s ‘Big Beautiful Bill?’ What to know Bill passed creates $6,000 federal income tax deduction for Americans 65 and older. But the break won't be ...