Newsweek

Seniors to Get $6,000 Tax Deduction Next Year

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...
Morningstar

Ed Slott: What You Need to Know About the New Tax Deduction for Seniors

Christine Benz: Hi, I’m Christine Benz for Morningstar. People who are 65 and older may be able to take advantage of a new senior deduction starting in 2025. Joining me to discuss what you need to ...
Popular Science

Are induction stoves better? These chefs think so.

Breakthroughs, discoveries, and DIY tips sent every weekday. Terms of Service and Privacy Policy. Ask someone in the United States about “electric cooking” and ...
JournalofAccountancy

Details on IRS prop. regs. on tip income deduction

The IRS on Friday issued proposed regulations (REG-110032-25) on the new deduction for tip income contained in the sweeping tax legislation passed over the summer. The rules contain details on ...
Governing

The Increasingly Inconsequential SALT Deduction

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...
Yahoo

Induction experts share 6 cooking tips to unlock your induction cooking potential

There’s a great interest in induction cooking, but just like anything new or unfamiliar, it’s natural to feel wary. So if you have always used a gas or electric range and are unsure how you’ll find ...
Bon Appétit

The Best Induction Burner for Precise, Efficient Cooking Just About Anywhere

The best induction burner: Duxtop Portable Induction Cooktop A splurge-worthy upgrade: Breville Control Freak Home The best double induction burner: Nuwave Double Induction Cooktop A budget-friendly ...
Fast Company

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

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
CNN

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. The new ...
AOL

There’s a new ‘bonus’ tax deduction worth $6,000 for older taxpayers — here’s who qualifies

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...
CNN

Here’s who will — and won’t — qualify for the new car loan interest deduction

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...
Fast Company

There’s a new tax deduction for car loans in Trump’s ‘big, beautiful bill.’ Here’s who’s eligible—and what’s the catch

While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax deductions on tips and overtime, there are plenty of other write-offs ...