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How to Access the New $6,000 OBBB Deduction for Seniors: Here Are the Requirements

The administration of President Donald Trump has introduced a significant measure for retirees and seniors through the 'One Big, Beautiful Bill' (OBBB), enacted in July. This legislation offers a new ...
CNBC

Treasury released early list for ‘no tax on tips’ deduction — but some jobs won’t qualify, experts say

The Treasury released a preliminary list of 68 occupations that may be eligible for President Donald Trump's "no tax on tips" deduction. But some jobs from the list may not qualify, depending on ...
Investopedia

4 New Tax Deductions in the 'Big, Beautiful Bill' You Can Take This Year

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...
CNBC

The new $6,000 senior tax deduction: who qualifies and how to claim it

Thanks to provisions in the One Big Beautiful Bill Act, the standard deduction has been super-sized for seniors: Taxpayers 65 and older can now claim up to an additional $6,000 without itemizing their ...