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

35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just charitable contributions) for taxpayers will be capped at a 35% tax rate.

Small businesses are one of the bedrocks of the U.S. economy, employing nearly half of the American workforce and representing over 40% of America’s GDP. Challenges like inflation and high supply ...

You spent the year paying down your student loans, contributing to your savings, and having your employer withhold a portion of your paycheck for taxes. Now it’s time to file a tax return and you’re ...

It was indeed possible to claim tax deductions in certain scenarios, such as medical costs for licensed service animals, performance animals, donations to qualifying nonprofits that support animal ...