The One Big Beautiful Bill Act created a new deduction of up to $6,000 per person for taxpayers 65 and older from 2025 through 2028. Learn who qualifies, how the income phase-out works, and how it fits with the standard deduction.
A new federal deduction lets eligible buyers deduct up to $10,000 a year of interest on a loan for a new, U.S.-assembled vehicle from 2025 through 2028. Here is who qualifies, how the phase-out works, and how to claim it.
The One Big Beautiful Bill Act lets eligible workers deduct up to $12,500 of qualified overtime pay ($25,000 for joint filers) for 2025 through 2028. Learn what counts, who qualifies, the phase-out, and how to claim it.
The One Big Beautiful Bill Act created a federal deduction of up to $25,000 for qualified tips for 2025 through 2028. Learn who qualifies, the income phase-out, what still gets taxed, and how to claim it.