The final version of President Trump’s hallmark tax-and-spend legislation delivers significant tax advantages to some ...

President Donald Trump’s Big Beautiful Bill will bring some big changes to families’ budgets especially come tax time.

The change in status raises your standard deduction for the 2024 tax year to $21,900, up from $14,600 if you are single or married but filing separately. Remember that taking the standard deduction ...

The property tax deduction is great for homeowners. Here's how it works in 2024 and 2025 and what you can do to save money.

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

Are you prepared for the cost of college? One estimate by T. Rowe Price shows that to cover just half of all college expenses in the future, parents would need to contribute more than $100,000 ...

STATE COLLEGE — Hundreds of local governments in Pennsylvania would gain expanded taxing power to fund their cash-strapped fire departments and emergency medical services under a bill advancing in the ...

If you purchased a home for $200,000 and later sold the house for $500,000, part of your $300,000 difference could be subject to capital gains tax. But if you can prove $50,000 of home upgrades ...

A new, $4,000 'bonus' deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed in May. AARP's Nancy LeaMond says the ...

The ‘SALT’ deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump’s spending package. Here’s what to know.

Swarthmore College leader warns endowment tax increase could deal a devastating blow Swarthmore's endowment tax rate would rise from 1.4% to 14% and maybe as high as 21% under the current House ...

College-savings accounts currently hold about $500 billion, and savers may soon be able to use these funds for much more than ...