Young and the Invested on MSN

5 ‘One Big Beautiful Bill’ tax deductions you should know

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

How Trump's charitable tax deduction laws may influence when you give

35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just ...
CNBC

Are you eligible for the new $6,000 senior tax deduction?

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...
CNN

IRS makes changes that will affect your taxes this year and next

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to ...