Key Takeaways Senator Cory Booker's "Keep Your Pay Act" proposes raising the standard deduction to $75,000 for married couples filing jointly.The proposal includes increasing the child tax credit and ...

In many cases, you need receipts to prove you are entitled to a particular tax deduction. Here are some exceptions to that ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when filing a 2025 tax return.

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.