HUNTSVILLE, Ala. (WAFF) - The One Big Beautiful Bill Act will impact the way you pay taxes this year, especially if you plan to use itemized deductions. Financial expert Jay McGowan from the Welch ...
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Here’s exactly what Social Security retirees need to do to qualify for the new tax deduction
The One Big Beautiful Bill Act, signed into law on July 4, 2025 as Public Law 119-21, created a new tax deduction that many ...
Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.
When the Tax Cut and Jobs Act of 2017 (TCJA) was a major overhaul of the federal tax code that was designed to both reduce taxes and simplify tax filings for most taxpayers. You may recall that tax ...
Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. High-income earners could also get hit by a "surprise" tax bill.
You sit down to file your taxes, click through your software, and accept the standard deduction without giving it a second thought. For years, that shortcut made sense for most filers, and the IRS ...
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