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What to know -- and what isn't known yet -- about 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 ...
Bankrate on MSN2d
New charitable giving tax deduction worth up to $2,000 is coming soon, and you don’t have to itemize
Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable ...
Who will — and won’t — benefit from the bigger SALT deduction
For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.
What to know about the $6,000 ‘senior deduction’ in GOP megabill
The latest version of the GOP’s “big, beautiful bill,” which passed both houses of Congress this week and is headed to ...
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 ...
MiBolsilloColombia on MSN2d
Trump's reform modifies your taxes in the coming years, what should you know?
Trump's new tax law, known as the "One, Big, Beautiful Bill," brings significant changes for Americans, especially older ...