Finance ❯Taxation

Deductions

State and Local Taxes Standard Deduction State and Local Tax Deduction Itemized Deductions SALT Cap Lottery Winnings Retirement Income Educational Expenses SALT Deduction Work-Related Expenses

IRS Keeps 2025 Withholding Tables Unchanged, Delays One Big Beautiful Bill Benefits to 2026 Filings

Agencies are drafting guidance with revised forms for full implementation in tax year 2026.

IRS Delays Tip and Overtime Tax Breaks by Keeping 2025 Withholding Tables

Tax Professionals Adapt to Permanent TCJA Extensions and Fresh Incentives Under One Big Beautiful Bill Act

Employers Overhaul Payroll Systems as Overtime and Tip Deductions Take Effect Under OBBBA

CBDT Maintains September 15 ITR Filing Deadline as Key Utilities Remain Unreleased

Social Security Unveils August Payment Schedule and Tax Planning Guidance

German Taxpayers Race to Meet July 31 Deadline as Union Calls for Automated Returns

France Replaces Retirees’ 10% Tax Deduction With €2,000 Flat Allowance

Tax Union Seeks Automated Prefilled Returns as July Deadline Approaches

One Big Beautiful Bill Locks In Key Tax Breaks and Spurs Retiree Planning

Congress Moves to Restore Full Gambling Loss Deduction After Surprise 90% Cut

Social Security Administration Revises Misleading Email on Benefit Taxes

Trump’s One Big Beautiful Bill Opens Above-the-Line Deductions for Tips, Overtime

Finance Ministry Grants NPS Tax Parity to Unified Pension Scheme

GOP Leaders Propose Five-Year $40,000 SALT Cap in Tax Bill

Germany Sets July 31 Tax Return Deadline as Home Office Deductions Rise and Pension Filings Simplify

GOP Split Over SALT Cap Brings Reconciliation Bill to Standstill

Italy Raises Primary Residence Renovation Deductions to 50% for 2025

France to Differentiate Tax Credits for Home Services and Preserve Care Benefits

Germany Approves 3.74% Pension Increase as Retirement Reforms Loom