KEY TAKEAWAYS The 'One Big, Beautiful Bill' introduced several new tax deductions, some of which will apply to the money ...

The almost 900-page bill has plenty to say about taxes, and an array of changes, new credits and deductions are part of the ...

For heads of households, the standard deduction will be $22,500 for tax year 2025, up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.