Browsing: Deduction

Lighthouse Films | Digitalvision | Getty ImagesThe U.S. Department of the Treasury in August released a preliminary list of 68 occupations that may be eligible for…

President Donald Trump’s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a…

President Donald Trump arrives to speak on his plan to end tax on tips in Las Vegas, Jan. 25, 2025.Mandel Ngan | Afp | Getty ImagesWho…

U.S. President Donald Trump signs the sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” at the White House in Washington, D.C.,…

Riska | E+ | Getty ImagesPresident Donald Trump’s “big beautiful bill” includes trillions of dollars of tax breaks, including a new charitable deduction for most filers…

U.S. Representative Josh Gottheimer, D-NJ, speaks during a press conference about the SALT Caucus outside the Capitol on Wednesday February 08, 2023 in Washington, DC. Matt McClain…

U.S. House of Representatives Speaker Mike Johnson speaks after the U.S. President Donald Trump’s sweeping spending and tax bill passes, on Capitol Hill in Washington, D.C.,…

Senate Majority Leader John Thune (R-SD) speaks during a news conference following the weekly Senate Republican policy luncheon at the U.S. Capitol on June 17, 2025…

CHICAGO – NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal … More Revenue Service November 1, 2005 in Chicago, Illinois.…

U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C.,…