News

4 New Tax Deductions in the 'Big, Beautiful Bill' You Can Take This Year
KEY TAKEAWAYS The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money ...
How the ‘Senior Deduction’ in the Big, Beautiful Bill Could Help Retirees Keep Their Homes
A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...
Top Five Tax Deductions Secrets Every Small Business Should Know
Mesquite, Texas / Syndication Cloud / July 13, 2025 / Peggy’s Bookkeeping and Tax Service Peggy’s Bookkeeping & Tax Service has published a new article entitled Top 5 Tax Deductions Every Small ...
The 'big, beautiful, bill' includes a car loan interest tax deduction. Do you qualify?
The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan ...
GOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.
The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...
SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break
The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...
What to know -- and what isn’t known yet -- about US tax deductions for tips and overtime pay
Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...
Trump's ‘big beautiful bill' passes SALT deduction limit of $40,000. Here's who benefits
President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.
Here’s who will — and won’t — qualify for the new car loan interest deduction
President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting.
Who will — and won’t — benefit from the bigger SALT deduction
The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, ...
AARP8d
What to Know About the New Tax Deduction for Older Adults
As a result, the new $6,000 deduction is stacked on top of both the regular standard deduction — $15,750 for single filers or ...