#standard-deduction

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#tax-reform
fromFast Company
1 week ago

This new tax deduction in Trump's Big Beautiful Bill lets people cash in on charitable donations up to $2,000. Here's what to know

The new tax law allows taxpayers claiming the standard deduction to deduct charitable contributions, effective in 2026, expanding benefits beyond itemized filers.
US politics
fromwww.mercurynews.com
2 weeks ago

Who will and won't benefit from the bigger SALT deduction

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.
US politics
#tax-deductions
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