Is a New $25,000 Health Care Tax Deduction Coming in 2026?

A proposal from GOP Sen. Josh Hawley is adding to the chatter about health care affordability.

When does no tax on overtime, tips start? When taxpayers will see deductions

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

Find Out If You Qualify for the New Senior Tax Break

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

3 Tax Moves to Make Before Year-End for Bigger Deductions

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize ...
Columbus Dispatch

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

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...
CNET

Tax Day 2025: How Credits and Deductions Are Different and What They Do

Thomas is a native of upstate New York and a graduate of the University at Albany. As a former member of CNET's How To team, he wrote about the intersection of policy, information and technology, and ...
NBC DFW

Tax Credits Vs. Tax Deductions: How They Differ, and What to Know Before You File

Tax credits are generally more valuable than tax deductions. There are many types of each: nonrefundable, partially refundable and fully refundable tax credits, and standard vs. itemized deductions, ...
Wall Street Journal

Tax Credit vs. Deduction: What’s the Difference?

Tax credits and deductions both reduce your tax bill, but in different ways Written By Written by Contributor, Buy Side E. Napoletano is a contributor to Buy Side and an expert on student loans, taxes ...