Finance ❯ Taxation ❯ Tax Policy

Tax Deductions

Standard Deduction Changes State and Local Tax Deduction Standard Deductions Standard Deduction Standard Deduction for Seniors Working Families Tax Cuts State and Local Tax Deductions

IRS Finalizes Rules for New Federal Tip Deduction

Eligible workers can deduct up to $25,000 in reported tips from federal income through 2028.

IRS Sets 2026 Rules: Bigger Paychecks, New Deductions, Fewer Paper Refunds